Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an interlocutory application (IA No. 4717 of 2026) filed in connection with Company Appeal (AT) No. 257 of 2026. The appellants, Lakshmirattan Cotton Mills Company Ltd. & Anr., were represented by advocate Mr. Iswar Mohapatra. The respondents, Vivek Gupta & Anr., did not have their appearance marked. The application sought condonation of a 44-day delay in filing the appeal, which exceeded the standard 45-day limitation period by 44 days. After hearing arguments, the tribunal determined that the appellant should be granted an opportunity to file an additional affidavit to support their application for condoning the delay.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), directed the appellant to file the additional affidavit within one week from the order date (by August 25, 2026). The matter was adjourned and listed for further hearing on August 25, 2026, under the same caption. The final ruling on the condonation of delay application is pending the submission and consideration of the additional affidavit.
Topics: Legal Proceedings, Corporate Law