Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals: Comp. App. (AT) (Ins) No. 563 of 2023 filed by First Choice Properties (India) Pvt. Ltd. against Gstaad Hotels Pvt. Ltd. & Anr., and Comp. App. (AT) (Ins) No. 564 of 2023 filed by Sachana Exports Pvt. Ltd. against the same respondents. The appeals were heard together in hybrid mode. During proceedings, the tribunal noted that certain documents filed in the Memo of Appeal were blurred and illegible. The appellants sought permission to file additional evidence through an appropriate application.
Final Outcome
The NCLAT granted the appellants three working days to file typed or legible copies of the blurred documents. The appellants were also permitted to file an application for additional evidence within three days, with advance copy to respondents. The respondents were given the right to file appropriate documentary evidence in rebuttal to any additional evidence filed by the appellants. Both parties were permitted to bring on record any convenience compilation and written notes. The appeals were adjourned and listed for next hearing on 15 July 2026. The order specifically stated that the tribunal did not address any merits of the documents or applications during this procedural hearing.
Topics: NCLAT Proceedings, Insolvency Appeal, Procedural Order