Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.10.2026
Case Overview
The appeal (Comp. App. (AT) (Ins) No. 1400 of 2026) was filed by Manindara Kumar Tiwari, the Resolution Professional (RP) of Real Tech Constructions Pvt. Ltd., against an order of the Learned Adjudicating Authority (NCLT) that rejected the RP's application for exclusion of certain period in the corporate insolvency resolution process. The respondents, Neeraj Arora & Others, are financial creditors but were identified as proforma respondents rather than contesting parties, as the relief sought (exclusion of time) did not require their active opposition.
The appellant had filed IA No. 7070 of 2026 seeking amendments to the appeal memorandum, which the NCLAT allowed based on the facts and circumstances presented. The amended memo of appeal was already enclosed with the amendment application, eliminating the need for separate filing.
The tribunal heard arguments from Ms. Rupal Gupta, counsel for the appellant, and concluded the hearing after reviewing the record.
Final Outcome
The NCLAT reserved judgment. The appellant's counsel was permitted to file written submissions of not more than 3-4 pages, along with relevant citations indicating specific paragraphs, within 7 days from October 8, 2026. The submissions must be formatted in Times New Roman, Font Size 14.
Topics: Insolvency Process, Time Exclusion, NCLAT Appeal