Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 427 of 2025 along with four interlocutory applications (I.A. Nos. 3828, 3829, 5226, and 5227 of 2025). The appeal was filed by Godiva Properties Pvt. Ltd. as the appellant against the Resolution Professional of Golden Tobacco Ltd., Sanjay Borad, and other respondents. The matter pertains to insolvency proceedings involving Golden Tobacco Ltd. Legal representation was present for both parties: Mr. NPS Chawla, Ms. Nishtha Khurana, Ms. Aarsheya Sharda, Mr. Advityaa Makkar for the appellant, and Mr. Puneet Singh Bindra, Ms. Charu Modi, Mr. Chandraj Singh Chouhan, Mr. Devang Gupta, and Mr. Anurag Bisaria for the respondents.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned the hearing due to time constraints. The appeal has been listed for next hearing on 27 October 2026. No substantive decisions on the merits of the case or the pending interlocutory applications were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation