Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected insolvency appeals: Comp. App. (AT) (Ins) No. 441 of 2026 and Comp. App. (AT) (Ins) No. 442 of 2026. Both appeals were filed by Wescon Housing India Pvt. Ltd. through its Director Jesal P Thakkar against respondents including Pankaj Ramandas Majithia (Resolution Professional of the Corporate Debtor) and Omkara Assets Reconstruction Private Limited (sole Committee of Creditors).
The proceedings concern procedural matters regarding the filing of replies and rejoinders. The appellant's counsel stated they had received copies of replies from Respondent No. 1 (Mr. Pankaj Ramdas Majithia, the Resolution Professional) and Respondent No. 3 in Appeal 441/Respondent No. 2 in Appeal 442 (Omkara Assets Reconstruction Private Limited, sole CoC) just the previous evening.
Final Outcome
The NCLAT granted the appellant two weeks to file rejoinders regarding the replies filed by Respondent Nos. 1 & 3 in Appeal 441 and Respondent Nos. 1 & 2 in Appeal 442. Regarding Respondent No. 2 in Appeal 441/Respondent No. 3 in Appeal 442 (SRA – Hirani Ventures Private Limited), the tribunal noted that although they claimed to have filed replies, neither physical copies had been received by the appellant's counsel nor were soft copies visible on the e-portal. The tribunal granted a final opportunity of one week for Hirani Ventures Private Limited to file their replies, with advance copies to the appellant's counsel, who may then file rejoinders by the next listing date. The hard copy of the reply filed by Respondent No. 1 was taken on record.
The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
Topics: Insolvency Proceedings, NCLAT Procedure, Corporate Debt Resolution