Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 30, 2026
Case Overview
Punjab National Bank (Appellant) has filed an appeal against R.S. Dream Land Pvt. Ltd. (Respondent) at the National Company Law Appellate Tribunal (NCLAT). The appeal, registered as Company Appeal (AT) (Insolvency) No. 1255 of 2026, was accompanied by an Interlocutory Application (I.A. No.4857 of 2026) seeking condonation of a 14-day delay in filing the appeal. The matter was heard by a bench consisting of Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT issued notice on the delay condonation application (I.A. No.4857 of 2026). The respondent (R.S. Dream Land Pvt. Ltd.) was granted three weeks to file a reply to the delay condonation application. The appellant (Punjab National Bank) may file a rejoinder within two weeks after receiving the respondent's reply. The appeal has been listed for hearing specifically on the delay condonation application on September 11, 2026.
Topics: Insolvency Appeal, Delay Condonation, Banking Dispute