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 Comp. App. (AT) No. 257 of 2026 along with I.A. No. 4717 of 2026. The appellants, Lakshmirattan Cotton Mills Company Ltd. & Anr., filed an appeal against respondents Vivek Gupta & Anr. The specific matter before the tribunal was an interlocutory application (I.A. No. 4717 of 2026) moved by the appellants seeking condonation of a 44-day delay in filing the appeal, which exceeds the standard 45-day limitation period by 44 days.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) heard arguments on the delay condonation application. The tribunal determined that additional information was required and granted the appellants one week from August 18, 2026, to file an additional affidavit supporting their case for condoning the delay. The matter was adjourned and listed for next hearing on August 25, 2026. The respondents' counsel appearance was not marked during this hearing session.
Topics: NCLAT Proceedings, Delay Condonation, Corporate Litigation