Company Appeal(at)(Ins) 1588/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 filed by a suspended director of the corporate debtor. The NCLT had dismissed the application with costs, finding the appellant lacked locus standi and that the grounds were unsubstantiated. The NCLAT upheld this decision, noting the replacement application had since been withdrawn, the plan approval had been pending since 2023 with 100% CoC approval, and the appellant's prior settlement proposal had already been considered and rejected in earlier proceedings. The NCLAT also deprecated the adverse remarks against counsel, directing they not be used prejudicially.
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 counsel not to be used to his prejudice.