Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Ins) No. 1793 of 2026 along with I.A. No. 6797 of 2026. The appellant, Kailash T. Shah, who was the Successful Resolution Applicant for Maya Construction Company Pvt. Ltd., filed this appeal against an order that declined to approve his resolution plan. The appeal is accompanied by a delay condonation application (I.A. No. 6797 of 2026) seeking permission to proceed with the appeal despite it being filed after the prescribed time limit.
Final Outcome
The NCLAT bench, consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), issued procedural directions. The tribunal ordered that notices be issued to the respondents (Rajendra Prasad Jhedu & Anr.) on the delay condonation application. The appellant was directed to provide the respondents' email addresses and WhatsApp numbers within one week to facilitate service through these electronic modes. Additionally, the appellant must serve the respondents by registered/speed post within the same one-week period. The matter has been listed for further orders on the delay condonation application in the first week of November 2026, specifically on 5th November 2026.
Topics: Insolvency Appeal, Resolution Plan, NCLAT Procedure