Company Appeal(at)(Ins) 1587/ND/2026 of Sanjeev Mahajan v. Nimitaya Hotel & Resorts Ltd. and Ors.
Case brief
What is this about?
The NCLAT dismissed an appeal against the NCLT's order rejecting an adjournment application (IA 3899/2026) filed by a suspended director, Sanjeev Mahajan, and imposing costs of Rs. 1 lakh. The Tribunal upheld the NCLT's finding that the appellant lacked locus standi to seek a sweeping adjournment and that the application was filed on flimsy grounds to delay the plan approval process pending since 2023. The NCLAT noted that the underlying application for replacement of the RP (IA 1222/2026) had been withdrawn, and that the appellant's settlement proposal had already been considered and rejected by the CoC and affirmed by the Supreme Court. The appeal was dismissed, and pending applications were also dismissed.
What did the court decide?
Appeal dismissed; pending applications IA No. 6085-6087/2026 and IA No. 6088-6090/2026 dismissed; adverse remarks against appellant's counsel in impugned order not to be used to his prejudice.