Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Ins) No. 1794 of 2026 along with an interlocutory application I.A. No. 6802 of 2026. The appeal was filed by Jaykishan R Rathi in his capacity as the Liquidator of Baid Industries Pvt. Ltd. against respondents Ashok Kumar Baid & Others. The accompanying application I.A. No. 6802 of 2026 sought condonation of delay in filing the appeal.
The bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) heard advocates for the appellant including Ms. Honey Satpal, Mr. Nipun Singhvi, Mr. Akash Agarwalla, Mr. Aman, and Ms. Tanya Gupta. No advocates appeared for the respondents at this stage.
Final Outcome
The NCLAT admitted the appeal and issued notices to the respondents specifically on the delay condonation application (I.A. No. 6802 of 2026). The appellant was directed to supply the email addresses and WhatsApp numbers of the respondents and serve them through these electronic modes within one week from the order date. Additionally, the appellant was directed to serve the respondents by registered/speed post within the same one-week period. The matter was listed for further orders on the delay condonation application in the first week of November 2026, specifically on 04.11.2026.
Topics: NCLAT Proceedings, Insolvency Appeal, Delay Condonation