Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.08.2026
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 has been filed by MKS Constro Venture Pvt. Ltd. (Appellant) against The Monitoring Committee of Gigeo Construction Company Pvt. Ltd. and Others (Respondents). The matter pertains to a delay condonation application (I.A. No. 5181 of 2026).
Representation was noted as follows: For the Appellant - Mr. Utsav Mukherjee, Mr. Bhaskar, and Mr. Azjun Katyal (for Respondent-1). For the Respondents - Mr. Utsav Mukherjee appeared for Respondents No. 1, 4 & 5, while Mr. Shahan Ullah and Mr. Pranav Khanna appeared for Respondent No. 2.
The Tribunal noted that notice had been received by counsel for Respondents No. 1, 4 & 5 (Mr. Utsav Mukherjee) and accepted by counsel for Respondent No. 2 (Mr. Shahan Ullah). These respondents were granted ten days time to file their reply regarding the delay condonation application.
The Appellant's counsel submitted that they would not file any rejoinder to the replies that may be filed by the respondents, which was recorded by the Tribunal.
Notice was issued to the remaining Respondents No. 3, 6, 7 & 8. The Appellant was directed to take necessary steps along with requisites within four working days from the order date. Liberty was granted to the Appellant's counsel to serve notice to Respondents No. 3, 6, 7 & 8 by Dasti (hand delivery).
Final Outcome
The matter was adjourned and listed for next hearing on August 20, 2026, under the same caption. The order was passed by Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Arun Baroka (Member-Technical).
Topics: NCLAT Proceedings, Corporate Legal Dispute, Delay Condonation