Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected Company Appeals filed by Golden Years Properties Pvt. Ltd. (Appellant) against Asset Reconstruction Company (India) Ltd. and Others (Respondents). The appeals are registered as Company Appeal (AT) (Insolvency) No. 1418 of 2026 (with I.A. No. 5428 of 2026) and Company Appeal (AT) (Insolvency) No. 1452 of 2026 (with I.A. No. 5613 of 2026). The matter pertains to insolvency proceedings. An Interlocutory Application (I.A. No. 5613/2026) was filed seeking condonation of a 2-day delay in filing one of the appeals. The Senior Counsel for the respondent stated they had no objection to the condonation of delay.
Final Outcome
The Tribunal allowed I.A. No. 5613/2026 and condoned the 2-day delay in filing. For the main appeals, the Tribunal directed the respondents to file their reply within two weeks from the order date (29.09.2026). The appellant is to file a rejoinder within one week after the reply is submitted. Both appeals have been listed for an admission hearing (categorized as 'For Admission (Fresh Cases)') on 04 November 2026.
The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical).
Topics: Insolvency Appeal, Procedural Hearing