Garden Court Distilleries appeals NCLT order rejecting its application for reliefs and concessions as successful auction purchaser of Honest Derivatives Ltd.
The NCLT rejected the application citing amendments to Liquidation Regulation 32 dated 14/10/2025 which restrict granting concessions.
The NCLAT clarified that the impugned order does not cancel the auction sale and admitted the appeal for further hearing.
Parties directed to file affidavits and submissions, with next hearing scheduled for 13/07/2026 alongside related appeal.