Case Details

Case Name: Adidas India Marketing Pvt. Ltd. vs. Ravi Sethia Resolution Professional of Future Lifestyles Fashion Ltd.

Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi

Case Number: Comp. App. (AT) (Ins) No. 898 of 2026

Order Date: 26 May 2026

Order Type: Appeal against NCLT order dated 11 March 2026

Parties Involved

Appellant: Adidas India Marketing Pvt. Ltd.

Respondent: Ravi Sethia in his capacity as Resolution Professional of Future Lifestyles Fashion Ltd.

Legal Representation:

  • For Appellant: Mr. Suraj Raj Kesherwani, Advocate
  • For Respondents: Mr. J. Rajesh, Ms. Rahat, Ms. Nandita, Mr. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, Mr. Ali Abbas Masoodi, Advocates

Issues / Allegations / Violations

The appeal was filed against the Order dated 11/03/2026 passed by the NCLT, which dismissed I.A. 5930/2026 filed by the Appellant (Adidas India) on grounds of non-prosecution. The NCLT had noted that despite direction to supply a copy of written notes, no written note had been submitted, leading to the conclusion that the Applicant was not interested in pursuing the matter.

Findings & Observations

The Appellant contended that they had filed written notes on 06/03/2026 (likely a typographical error in the order, probably meaning 2026) after sending a copy to the other side on the same day. The Appellant argued that at the time the NCLT order was passed on 11/03/2026, the written notes had already been submitted, though they may not have been reflected in the DMS Portal. The NCLAT found merit in this argument, determining that rejection of the application solely on grounds of non-prosecution could not be maintained given the evidence of submission.

Final Ruling & Enforcement

The NCLAT set aside the order dated 11/03/2026 and revived I.A. 5930/2026 for fresh consideration in accordance with law. The Appeal was disposed of with these observations, directing the lower tribunal to reconsider the application on its merits.

Tribunal Members: [Justice Ashok Bhushan] Chairperson, [Barun Mitra] Member (Technical)