Authority: National Company Law Tribunal, New Delhi Court-IV (Bench comprising Shri Mahendra Khandelwal, Member (Judicial) and Shri Atul Chaturvedi, Member (Technical))
Order Date: 09 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard IA/3056/ND/2026 filed within the main insolvency proceeding IB/462/ND/2023. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 by a subsequent purchaser seeking condonation of delay in filing a claim. The original allottee had not filed any claim in the insolvency proceedings of Supertech Township Project Limited. The Respondent/Resolution Professional was represented and sought time to file a reply to the application.
Final Outcome
The Tribunal adjourned the matter and listed it for next hearing on 24 July 2026 to allow the Resolution Professional sufficient time to file their reply to the delay condonation application.
Topics: Insolvency Proceedings, Real Estate Claims, NCLT Adjudication