Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 27th July, 2026
Case Overview
This interlocutory application (IA No.5159/2026) was filed by Act Finivest Ltd seeking extension of time for curing defects in its appeal filing. The appellant had originally e-filed the Memorandum of Appeal on 23rd June 2026. The NCLAT office scrutinized the appeal and intimated defects to the appellant on 13th July 2026. The appellant subsequently re-filed the appeal on 22nd July 2026, resulting in a 2-day delay from the original filing timeline.
The appeal concerns matters related to Ravi Sethia in his capacity as Resolution Professional of Morarjee Textiles Ltd. The specific nature of the underlying dispute is not detailed in this procedural order.
Final Outcome
After hearing the appellant's counsel and reviewing the application, the Tribunal Registrar found the reasons for delay sufficient. The 2-day delay in re-filing the Memorandum of Appeal was condoned. The case was directed to be listed before the appropriate bench under the heading 'for admission (fresh case)'. The interlocutory application was disposed of with this order.
Topics: NCLAT, Procedural Delay