Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
This order pertains to Company Appeal (AT) (Ins) No. 126 & 127 of 2025 filed by BKG Corp Ltd. against Sapan Mohan Garg, the Resolution Professional (RP) of Leading Hotels Ltd., and Others. The matter before the tribunal concerned procedural applications related to delays in the appeal process. Specifically, the tribunal noted the presence of two applications: IA No. 474 of 2025 and IA No. 547-548 of 2025, both praying for the condonation of a 130-day delay that occurred in the refiling of the appeal. Learned Counsel for the parties reached a consensus that IA 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, having been filed 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 matter, listing it for the next hearing on 22 July 2026 to proceed with the hearing of IA No. 474 of 2025 for condonation of delay. The final ruling on the delay condonation and the substantive appeal is pending.
Topics: NCLAT Procedure, Delay Condonation, Insolvency Appeal