Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 20, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1326 of 2026 along with I.A. No. 5181 of 2026. The appeal was filed by MKS Constro Venture Pvt. Ltd. (Appellant) against The Monitoring Committee of Gigeo Construction Company Pvt. Ltd. and Others (Respondents). The matter involves insolvency proceedings related to Gigeo Construction Company Pvt. Ltd. The appellant has filed a delay condonation application (I.A. No. 5181 of 2026) seeking condonation of delay in filing the appeal.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) granted respondents who had not filed responses to the delay condonation application one week to file their responses. Respondents must provide advance copies to the appellant's counsel. The appellant may file a rejoinder within three days after receiving responses. The appeal has been listed for admission hearing after notice on September 1, 2026. Notice for Respondent No. 6 was reported as 'in transit' at the time of the hearing.
Topics: Insolvency Appeal, NCLAT Proceedings
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