Company Appeal(at)(Ins) 1586/ND/2026 of Sanjeev Mahajan v. Nimitaya Hotel & Resorts Ltd. and Ors.
Case brief
What is this about?
The National Company Law Appellate Tribunal dismissed the appeals filed by Sanjeev Mahajan, a suspended director of Nimitya Hotel & Resorts Ltd., against the NCLT's order dismissing his adjournment application with costs. The Appellant sought adjournment of the plan approval hearing pending the outcome of disciplinary proceedings against the Resolution Professional and the disposal of an application for replacement of a respondent. The Appellate Tribunal upheld the NCLT's findings that the Appellant lacked locus standi and that the adjournment application was a delaying tactic, noting that the replacement application had since been withdrawn and the plan had been approved by the CoC with 100% voting share in 2023. The Tribunal also noted a history of repetitive filings by the Suspended Boa
What did the court decide?
Appeal dismissed; pending applications IA No. 6085-6087 of 2026 and IA No. 6088-6090 of 2026 also dismissed; adverse remarks against Appellant's counsel not to be used to his prejudice.