Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 08.07.2026
Case Overview
This is an order from the NCLAT in Company Appeal (AT) (Ins) No. 126 & 127 of 2025. The appellant is BKG Corp Ltd, and the respondents include Sapan Mohan Garg, the Resolution Professional (RP) of Leading Hotels Ltd, among others. The matter before the tribunal concerned two interlocutory applications (I.A. No. 474 of 2025 and I.A. No. 547-548 of 2025) filed with a prayer to condone a delay of 130 days in the refiling of the appeal. Counsel for the parties presented a consensus that I.A. No. 474 of 2025 was the correct application for condoning this refiling delay. The tribunal also noted that a reply filed by Respondent No. 4 to an additional affidavit dated 23.04.2026 was lying in delay, submitted pursuant to a previous order dated 18.05.2026.
Final Outcome
The tribunal directed its registry to immediately place the delayed reply from Respondent No. 4 on record. It then adjourned the hearing of the delay condonation application (I.A. No. 474 of 2025) and listed the matter for the next hearing on 22.07.2026. No substantive decision on the merits of the delay or the underlying appeal was made in this order.
Topics: NCLAT, Delay Condonation, Insolvency Appeal