Case Details
Case Name: Golden Years Properties Pvt. Ltd. vs Asset Reconstruction Company (India) Ltd. & Anr.
Court/Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Case Number: Comp. App. (AT) (Ins) No. 1026 of 2026 & I.A. No. 4057 of 2026
Date of Order: 29.05.2026
Parties Involved
Appellant: Golden Years Properties Pvt. Ltd.
Respondents: Asset Reconstruction Company (India) Ltd. (R1) & Another (R2)
Legal Representatives:
- For Appellant: Mr. Raunak Sathpathy, Mr. Mansumyer Singh, Ms. Niharika Sharma, Mr. Akhil Shankhwar, Mr. Vardan Mittal, Advocates
- For Respondent 2: Mr. Amir Arsiwala, Mr. Yash Jariwala, Ms. Neha Arya, Advocates
- For Respondent 1: Mr. Krishnendu Datta, Sr. Advocate with Ms. Padmaja Kaul, Mr. Kushagra Sah, Mr. Vansh Bhulani, Mr. Harsh Gurabni, Advocates
Findings & Observations
The Tribunal found that sufficient cause had been shown in the Application (I.A. No. 4057 of 2026) praying for condonation of 33-day delay in refiling the Appeal.
Final Ruling & Enforcement
1. The 33-day delay in refiling the Appeal was condoned.
2. The Appeal (Comp. App. (AT) (Ins) No. 1026 of 2026) was listed for hearing on 17/07/2025 at 02:00 PM along with Comp. App. (AT) (Ins) No. 1537 of 2025.
3. In view of the interim order already passed in Comp. App. (AT) (Ins) No. 1537 of 2025, the Tribunal determined that no separate order was required to be passed in the present Appeal.
Bench: Justice Ashok Bhushan (Chairperson) and Indevar Pandey (Member (Technical))