Sanjeev Mahajan (Appellant), a suspended director of Corporate Debtor Nimitaya Hotel & Resorts Ltd., appealed an NCLT order dated 14.08.2026. The NCLT had dismissed his application (IA No.3899 of 2026) seeking adjournment of proceedings, including a plan approval application (IA No.987 of 2023), until an application for replacement of Respondent No.2 (IA No.1222 of 2026) was decided. The Appellant alleged forgery and collusion against the Resolution Professional (RP), leading to IBBI suspending the RP's authorization. The NCLT dismissed the adjournment application, citing lack of locus standi and unsubstantiated grounds, imposing costs.
Sanjeev Mahajan (Appellant) filed an appeal against an NCLT order dated 14.08.2026.
The NCLT order dismissed IA No.3899 of 2026, a short, time-bound adjournment application filed by the Appellant, with costs of Rs.1,00,000/-.
The NCLT proceeded to hear IA No.987 of 2023 without first deciding IA No.1222 of 2026, which was an application for the replacement of Respondent No.2.
The Appellant is a member of the Suspended Board of Directors of the Corporate Debtor, Nimitaya Hotel & Resorts Ltd.
Respondent No.3 is the sole member of the Committee of Creditors (CoC) with 100% voting share.
…Sign in to view the parties.
CD Nimitya Hotel &…
Resolution Plan approved by CoC; Plan…
Sanjeev Mahajan (Appellant), a suspended director of Corporate Debtor Nimitaya Hotel & Resorts Ltd., appealed an NCLT order dated 14.08.2026. The NCLT had dismissed his application (IA No.3899 of 2026) seeking adjournment of proceedings, including a plan approval application (IA No.987 of 2023), until an application for replacement of Respondent No.2 (IA No.1222 of 2026) was decided. The Appellant alleged forgery and collusion against the Resolution Professional (RP), leading to IBBI suspending the RP's authorization. The NCLT dismissed the adjournment application, citing lack of locus standi and unsubstantiated grounds, imposing costs.
Sanjeev Mahajan (Appellant) filed an appeal against an NCLT order dated 14.08.2026.
The NCLT order dismissed IA No.3899 of 2026, a short, time-bound adjournment application filed by the Appellant, with costs of Rs.1,00,000/-.
The NCLT proceeded to hear IA No.987 of 2023 without first deciding IA No.1222 of 2026, which was an application for the replacement of Respondent No.2.
The Appellant is a member of the Suspended Board of Directors of the Corporate Debtor, Nimitaya Hotel & Resorts Ltd.
Respondent No.3 is the sole member of the Committee of Creditors (CoC) with 100% voting share.
…CD Nimitya Hotel &…
Resolution Plan approved by CoC; Plan…