Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 427 of 2025, an appeal filed by Godiva Properties Pvt. Ltd. The appeal is against the Resolution Professional of Golden Tobacco Ltd., Mr. Sanjay Borad, and Others. Multiple Interlocutory Applications (IAs) numbered 3828, 3829, 5226, and 5227 of 2025 are also associated with this appeal. The hearing was conducted in hybrid mode. The bench cited a lack of time as the reason for not proceeding with the hearing on the scheduled date.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), issued a procedural order to adjourn the hearing. The appeal and all connected applications have been listed for the next hearing on 20 August 2026. No substantive arguments were heard, and no decision on the merits of the case was made.
Topics: NCLAT, Insolvency Appeal, Adjournment