Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 13 July 2026
Case Overview
This order pertains to two connected appeals, Comp. App. (AT) No. 88 of 2023 and Comp. App. (AT) No. 94 of 2023, filed by Chartered Accountant Lavitha Shetty (Appellant) against the National Financial Reporting Authority (NFRA) (Respondent). The matter was heard in hybrid mode. The appellant's counsel requested an additional two hours of hearing time to complete their arguments in both appeals.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), adjourned the hearing of both appeals. The matters are now listed for a final hearing on 29 July 2026 at 02:00 P.M. The tribunal issued a clear stipulation that no adjournments will be granted at the behest of any party at the next hearing. The bench also requested both the appellant's and the respondent's counsel to file their written notes of arguments, which must be concise and not exceed five to six pages, if not already filed.
Topics: NCLAT Proceeding, NFRA Dispute, Regulatory Appeal