Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22.09.2026
Case Overview
This appeal (Comp. App. (AT) (Ins) No. 1346 of 2026) has been filed by Kailash T. Shah, Chairman of the Monitoring Committee of the corporate debtor GSL Nova Petrochemicals Limited, against an impugned order dated 01/06/2026 passed by the NCLT Ahmedabad Bench in Miscellaneous Application MA No. 2 of 2026 in CP (IB) No. 770 of 2019.
The dispute concerns the filing of Form INC-28 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli (Respondent No. 1). The resolution plan for GSL Nova Petrochemicals Limited was initially approved by NCLT on 05/10/2021, and Form INC-28 was filed within the prescribed time limits following this approval. However, the NCLT subsequently issued a rectification order dated 16/12/2021 for the original approval order. The appellant did not file Form INC-28 following this rectification order until 2026. The Registrar of Companies refused to accept this delayed filing, stating that the delay ought to have been condoned by the NCLT first. The NCLT Ahmedabad Bench rejected the application for condonation of this delay, leading to the current appeal before the NCLAT.
Final Outcome
The NCLAT issued notice to the respondents and listed the appeal for further hearing on 16/10/2026. The Registrar of Companies' counsel was present and sought time to take instructions. The appeal remains pending adjudication.
Topics: Corporate Insolvency, Regulatory Compliance, NCLAT Proceedings