Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16th September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1705 of 2026 along with I.A. No. 6482 of 2026. The appeal involves The Indure Pvt. Ltd. as the appellant versus B.K. Coal Fields Pvt. Ltd. (through its liquidator, formerly resolution professional Arun Gajwani) as respondent no. 1, with additional respondents. The matter concerns an insolvency proceeding, though the substantive issues were not addressed in this hearing. The proceeding focused entirely on procedural matters related to a delay condonation application filed by the appellant.
During the hearing, Senior Counsel Krishnendu Datta appearing for Respondent No. 1 raised a preliminary issue that copies of the delay condonation application and any other applications filed by the appellant had not been provided to them. The tribunal directed the appellant's counsel to provide copies of the delay condonation application and all other applications to Respondent No. 1 and all other respondents, even if not previously provided.
Notice for the delay condonation application was acknowledged by Mr. Nakul Mohta on behalf of Respondent No. 1 and by Mr. Apoorv Agarwal on behalf of Respondent No. 2. The respondents' counsels requested and were granted two weeks' time to file their reply to the delay condonation application, with an advance copy to be provided to the appellant's counsel. The appellant was given one week thereafter to file a rejoinder if desired.
Final Outcome
The tribunal adjourned the matter and listed it for the next hearing on 15th October 2026 under the caption 'For Admission (After Notice)'. The order was signed by Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
This content may not be financially relevant as it represents a procedural order in ongoing litigation without substantive financial outcomes or regulatory determinations.