Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1418 of 2026 along with I.A. No. 5428 of 2026. The matter involves Golden Years Properties Pvt. Ltd. as the Appellant versus Asset Reconstruction Company (India) Ltd. & Anr. as Respondents. During the hearing, the Respondent's counsel submitted that they had not received a copy of the appeal, though this was objected to by the Senior Counsel for the Appellant. The Tribunal noted this procedural issue and made directions for document exchange.
Final Outcome
The NCLAT directed that a copy of the appeal be provided to the Respondent's counsel within two days from the order date (by August 19, 2026). The Tribunal issued notice on both the main appeal and the condonation of delay application (I.A. No. 5428 of 2026). The matter was adjourned and listed for next hearing on August 24, 2026. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Topics: Insolvency Appeal, Legal Proceedings