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 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 first appeal (Company Appeal (AT) (Ins) No. 1948 of 2026) was accompanied by an interlocutory application (I.A. No. 7393 of 2026) seeking condonation of a one-day delay in filing. The Tribunal examined the grounds for delay and found the period to be within the condonable limit, thereby allowing the application and condoning the delay.
Another application (I.A. No. 7391 of 2026) sought exemption from filing certified copies of the impugned order. The Tribunal directed the appellant to file the certified copy within two weeks from the order date.
The Tribunal noted that initial objections had been raised by Omkara ARC (the Financial Creditor) and the Successful Resolution Applicant. The learned counsel for the appellant was directed to seek necessary amendments in the cause title to implead all parties whose rights might be affected, with instructions to complete this within 48 hours.
Final Outcome
The NCLAT admitted both appeals after condoning the one-day delay. The case has been adjourned and will be heard afresh on 26 October 2026. The appellant must comply with the directions to implead necessary parties and file the certified copy of the order within the stipulated timelines.
Topics: Insolvency Proceedings, Legal Appeals