Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 29, 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 are Lakshmirattan Cotton Mills Company Ltd. and another party, while the respondents are Vivek Gupta and another party. The matter before the tribunal concerned a delay condonation application filed by the appellants. The respondents' counsel, Shri Vishwanathan Iyer, requested additional time to file their reply to this application.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) granted the respondents ten days to file their reply regarding the delay condonation application, with an advance copy to be provided to the appellants' counsel. The appellants were given four days thereafter to file a rejoinder if they wished. The appeal was adjourned and listed for the next hearing on August 18, 2026, where it will be heard among the first ten cases of the cause list.
Topics: NCLAT Proceeding, Corporate Legal Matter, Procedural Adjournment