Partly allowed

Ia 6071/ND/2026 of Parmjit Gandhi v. M/s Athena India Opportunities

NCLAT1 Sept 20266071/ND/2026

Case brief

AI extract

What is this about?

The National Company Law Appellate Tribunal, Principal Bench, New Delhi, dismissed an application for early hearing and disposed of an application seeking withdrawal of Company Appeal (Insolvency) No. 315 of 2026 and the associated application I.A. No. 6128 of 2026. Similarly, the appeal in Company Appeal (Insolvency) No. 316 of 2026 and application I.A. No. 6071 of 2026 were withdrawn and dispose

What did the court decide?

The withdrawal of Company Appeal (Insolvency) No. 315 of 2026 and subsequent application I.A. No. 6128 of 2026 was allowed. Similarly, the withdrawal of Company Appeal (Insolvency) No. 316 of 2026 and

Ia 6071/ND/2026 of Parmjit Gandhi vs M/s Athena India… — Insolvency and Bankruptcy | NCLAT (2026)

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NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI

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I.A. No. 6127, 6128 of 2026

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Company Appeal (AT) (Insolvency) No. 315 of 2026

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IN THE MATTER OF: Parmjit Gandhi …Applicant Versus Bhuvan Madan Resolution Professional of Arshiya Northern FTWZ Ltd. …Respondent

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Present:

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For Applicant : Mr. Shashank Agarwal and Mr. Keshav Kiradoo, Advocates.

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For Respondent :

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WITH

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I.A. No. 6071, 6130 of 2026

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In Company Appeal (AT) (Insolvency) No. 316 of 2026

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IN THE MATTER OF: Parmjit Gandhi …Applicant Versus Athena India Opportunities & Ors. …Respondents

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Present:

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For Applicant : Mr. Shashank Agarwal and Mr. Keshav Kiradoo, Advocates.

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For Respondents :

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O R D E R (Hybrid Mode)

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01.09.2026: I.A. No. 6127/2026 & I.A. No. 6071/2026 are the

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applications for early hearing.

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2. It is submitted because of the subsequent events, the appellant is no

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longer interested in proceeding with these appeals viz . Company Appeal (AT)

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(Insolvency) No. 315/2026 & Company Appeal (AT) (Insolvency) No. 316/2026 and as such, the appeals may be taken up today and the applications viz. I.A. No. 6128/2026 & I.A. No. 6130/2026 which have been filed seeking withdrawal of the captioned appeals be allowed.

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3. It is the submission of the learned Counsel for the appellant in Civil Appeal Diary No(s). 35966/2026 vide order dated 11.06.2026, the Hon’ble Supreme Court directed as follows:

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“4. CoC shall consider and decide petitioners Resolution Plan before the next date of hearing and the steps taken in the subject proceedings before NCLT or the steps taken by the CoC shall remain subject to the final outcome of this Appeal.”

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4. In the light of the above, the appellant has decided to withdraw the captioned appeals unconditionally.

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5. The learned Counsel for the Resolution Professional is also present and he submits the plan has already been approved by the Ld. NCLT.

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6. Considering the submissions above, the appeal stands dismissed as withdrawn unconditionally. Pending applications are also disposed of.

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[Justice Yogesh Khanna] Officiating Chairperson

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[Barun Mitra] Member (Technical)

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[Ajai Das Mehrotra] Member (Technical)

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himanshu/md

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I.A. Nos. 6127, 6128, 6071 & 6130 in Comp. App. (AT) (Ins.) No. 315 & 316 of 2026

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Ia 6071/ND/2026 of Parmjit Gandhi v. M/s Athena India Opportunities

Case brief

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What did the court decide?

Ia 6071/ND/2026 of Parmjit Gandhi v. M/s Athena India Opportunities

Case brief

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