Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 02 September 2026
Case Overview
The National Company Law Appellate Tribunal heard two companion appeals (Comp. App. (AT) (Ins) No. 1238 of 2024 and Comp. App. (AT) (Ins) No. 1240 of 2024) filed by The Chief Engineer of The Transmission Corporation of Andhra Pradesh (appellant) against Impex Metal & Ferro Alloys Ltd. and another respondent. The appeals were instituted on 29 May 2024 and had completed pleadings and arguments, pending final adjudication. However, both appeals were accompanied by pending Interim Applications (I.A. No. 4447 of 2024 and I.A. No. 4451 of 2024) for condonation of delay in filing, which the appellant had not pressed until this hearing. The Tribunal noted that without condonation of delay, the appeals would not exist in the eyes of the law.
The appellant sought condonation of 13 days' delay in each appeal, citing that as a Public Sector Unit of the Government of Andhra Pradesh, they were engaged in the process of choosing counsels and drafting the matter, which caused the delay. After hearing arguments from both parties (represented by Mr. Akshay Goel for appellant and Mr. Rishav Banerjee and team for respondents), the Tribunal found the reasons satisfactory.
Final Outcome
The NCLAT allowed the delay condonation applications (I.A. Nos. 4447/2024 and 4451/2024) and condoned the 13-day delay in each company appeal. The Tribunal took a pragmatic view given that the appeals had reached a mature stage of hearing. Both appeals were listed for further hearing on 13 October 2026.
Topics: Delay Condonation, NCLAT Proceedings, Power Sector Dispute