Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected appeals filed against the Resolution Professional of Renaissance Indus Infra Pvt. Ltd. The appeals are Comp. App. (AT) (Ins) No. 927 of 2026 filed by Upendra Nagindas Parikh and Comp. App. (AT) (Ins) No. 928 of 2026 filed by Ketan Rajmal Shah. Both appellants are represented by advocates Mr. Siddharth Nath, Mr. Asjad Hussain, Mr. Anunay Chowdhary, and Mr. Ritik Kanoujia. The respondents are Birendra Kumar Agarwal (Resolution Professional of Renaissance Indus Infra Pvt. Ltd.) and another party, with no representation noted during this hearing.
The proceedings involve delay condonation applications (I.A. No. 3684 of 2026 and I.A. No. 3689 of 2026) related to the main appeals. The tribunal heard the matter in hybrid mode and issued notice specifically on the delay condonation applications.
Final Outcome
The NCLAT bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member Technical) issued procedural directions: (1) Notice issued on the delay condonation applications; (2) Both appeals listed for next hearing on July 27, 2026; (3) Respondents given two weeks to file reply to the delay condonation applications; (4) Appellants permitted to file rejoinder, if any, before the next hearing date. The substantive matters of the appeals remain pending and will be heard after the delay condonation applications are disposed of.
Topics: Insolvency Proceedings, NCLAT Appeal, Corporate Litigation