Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 08.10.2026
Case Overview
This is an appeal (Comp. App. (AT) (Ins) No. 1400 of 2026) filed by Mr. Manindara Kumar Tiwari, the Resolution Professional (RP) of Real Tech Constructions Pvt. Ltd., against an order from the Adjudicating Authority (NCLT). The impugned order had rejected the RP's application seeking the exclusion of a certain period from the Corporate Insolvency Resolution Process (CIRP) timeline. The respondents, Neeraj Arora & Ors., are financial creditors. The Tribunal observed that as financial creditors, they are proforma respondents and not contesting parties in this appeal, as the relief sought (exclusion of time) does not require their contestation.
Final Outcome
The Appellate Tribunal allowed an interlocutory application (IA No. 7070 of 2026) filed by the appellant RP, which sought to make amendments to the appeal. The amended memo of appeal enclosed with the application was accepted, and no separate filing was required. After hearing arguments from the appellant's counsel, the Tribunal reserved its judgment. The appellant's counsel was permitted to file concise written submissions, not exceeding 3-4 pages, within 7 days from the order date.
Topics: Insolvency Proceedings, NCLAT Appeal, CIRP Timeline