Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard Restoration Application RA-59/2025 filed in the matter of M/s J S Furnishing Pvt Ltd (Petitioner) versus M/s Piccadily Hotels Pvt Ltd (Respondent). The underlying Transfer Petition, TP (Co. Act.)- 13(PB)/2024 (Old CP No. 36/2014), had been dismissed for want of prosecution on 08 October 2025. The petitioner's counsel, Mr. Deepak Bashta, submitted that his non-appearance on the dismissal date was due to a personal difficulty. He further stated that he had received communication from the respondent's counsel on 06 October 2025 indicating that efforts were underway to compromise the matter, leading him to believe adjudication might not be necessary. The respondent's counsel, Mr. Nikhil Fernandes, stated he had no objection to the restoration application, confirming the non-appearance was due to the petitioner's counsel's personal difficulty.
Final Outcome
The NCLT bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member Technical), allowed the restoration application (RA-59/2025). The tribunal found the petitioner's counsel's non-appearance on a single date to be bona fide, noting his consistent appearance on all previous occasions. Considering the respondent's lack of objection and the interest of justice, the tribunal ordered the transfer petition (TP-13(PB)/2024) to be restored to its original position. The matter was listed for next hearing on 25 August 2026.
Topics: NCLT Proceeding, Restoration Application, Corporate Dispute