Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals (Comp. App. (AT) (Ins) No. 1948 of 2026 and Comp. App. (AT) (Ins) No. 1950 of 2026) filed by Pintail Realty Developers Private Limited (formerly known as Arindam Sekhar Garments Marketing Private Limited). The appeals were directed against Prem Chand Goyal, the Resolution Professional of Dwarikadhish Spinners Ltd, and other respondents. The matter involved the corporate insolvency resolution process of Dwarikadhish Spinners Ltd, with objections raised by Omkara ARC (the Financial Creditor) and the Successful Resolution Applicant.
The appellant had filed I.A. No. 7393 of 2026 seeking condonation of a 1-day delay in filing the appeal. The tribunal examined the grounds for delay and found it to be within the condonable period. Additionally, I.A. No. 7391 of 2026 sought exemption from filing certified copies of the impugned order, for which the tribunal granted a two-week period for compliance.
Final Outcome
The NCLAT allowed I.A. No. 7393 of 2026 and condoned the 1-day delay in filing the appeal. The tribunal directed the appellant's counsel to amend the cause title by impleading all necessary parties whose rights are likely to be affected, requiring this action to be completed within 48 hours. The matter has been adjourned and will be heard as a fresh case on 26 October 2026.
Topics: Insolvency Proceedings, Legal Delay Condonation