NCLAT overturns NCLT order, excluding CIRP period from 01.05.2026 until adjudication of AR replacement application.
Appeal filed by RP Manindara Kumar Tiwari due to delays caused by non-cooperative Authorized Representative obstructing process.
CoC with 100% voting approved AR replacement and supported exclusion to prevent liquidation of nearly complete real estate project.
Tribunal emphasizes resolution over liquidation, noting project is substantially complete with home buyers as primary stakeholders.