Asmitha Microfin Delay Condoned by Supreme Court

Authority: Supreme Court of India

Order Date: 10-09-2026

Case Overview

• Petition: Asmitha Microfin Limited filed Civil Appeal Diary No. 48051/2026 challenging the final judgment and order dated 09‑04‑2026 of the National Company Law Appellate Tribunal (Chennai) in CAAT (CH) (I) No. 103/2024.
• Respondents: Reserve Bank of India and others.
• Application for condonation of delay in filing the appeal (IA No. 262492/2026) was presented before a bench of Hon’ble Mrs. Justice B.V. Nagarathna and Hon’ble Mr. Justice R. Mahadevan.
• Counsel for petitioner: Sr. Adv. S Niranjan Reddy, Adv. Raavi Yogesh Venkata, AOR Kotte Venkata Pawan Kumar, Adv. Sahana Sathiya Narayanan. Counsel for respondents not listed.

Final Outcome

• The Court condoned the delay in filing the appeal.
• The Court directed that notice be issued to the respondents, i.e., the Reserve Bank of India and other parties.

Topics: Legal; Banking Regulation