Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
This is an interim procedural order from the National Company Law Appellate Tribunal (NCLAT) in an ongoing insolvency appeal. The appeal, Comp. App. (AT) (Ins) No. 1289 & 1290 of 2026, is filed by Appellant Ajit Singh against the Respondent, Durga Das Agrawal, in his capacity as the Resolution Professional of MKMG Jewels Developers Pvt. Ltd. The specific application being addressed in this order is I.A. No. 4967 of 2026, which pertains to the condonation of delay for refiling the appeal. The order was passed in a hybrid hearing mode.
Final Outcome
The Tribunal's order is procedural and does not decide the merits of the case. The Respondent's counsel, Shri Shivam Gautam, acknowledged receipt of the notice. The Tribunal granted the Respondent ten days from the order date (24.07.2026) to file a reply concerning the application for condonation of delay in refiling. The Appellant was given the right to file a rejoinder to this reply within one week of receiving it. The substantive appeal has been listed for its next hearing on 18 August 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Adjournment