Authority: National Company Law Tribunal, New Delhi Principal Bench (Single)
Order Date: 10.07.2026
Case Overview
The matter concerned a Transfer Application (TA (IBC)-10(PB)/2026) filed by Golden Years Properties Private Limited against Vikas Khiyani under the Insolvency and Bankruptcy Code (IBC). The application was heard in a hybrid mode (physical and video conference). During the hearing on 10.07.2026, no one appeared on behalf of the applicant company. This was the second consecutive hearing with no representation from the applicant, following a previous absence on 05.06.2026. The respondent, Vikas Khiyani, was represented by advocates Ms. Padmaja Kaul, Mr. Kushagra Sah, and Mr. Azeem Parvez.
The tribunal, presided over by Justice Anupinder Singh Grewal (Hon'ble President), concluded that the applicant showed no interest in pursuing the matter. The order was issued under Rule 16(d) of the NCLT Rules, 2016.
Final Outcome
The Transfer Application was dismissed for want of prosecution.
Topics: NCLT, Corporate Legal Dispute