Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 14th July, 2026
Case Overview
This Interlocutory Application (I.A. No.4783/2026) was filed by CFM Asset Reconstruction Pvt. Ltd. (Appellant) against SDB Developers Pvt. Ltd. & Ors. (Respondents). The application sought an extension of time for curing defects in the filing of a Company Appeal. The Appellant had initially e-filed the Memorandum of Appeal on 18th May 2026. The NCLAT office scrutinized the filing on the same day and intimated the defects to the Appellant. The Appellant refiled the appeal on 7th July 2026, resulting in a 43-day delay from the original filing date. The Appellant cited the reason for the delay as logistical and procedural difficulties. Specifically, the Applicants were travelling and were unable to procure certain requisite executed documents within the prescribed time because these documents required execution by applicants based in Kolkata, outside Delhi.
Final Outcome
The NCLAT, after hearing the Learned Counsel for the Applicant and perusing the application and office report, directed that this interlocutory application praying for condonation of the 43-day delay in refiling the appeal be placed before the Hon'ble Bench along with the main matter on 15th July 2026. The main appeal is listed for admission hearing under the heading 'for admission with defect (fresh case)'.
Topics: NCLAT Procedure, Delay Condonation, Corporate Litigation