Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 18 August 2026
Case Overview
This proceeding concerns Interlocutory Application No. 910/2026 filed within Company Appeal (AT) (CH) (Ins) No. 316/2026. The appellant is SNJ Synthetics Ltd and the respondent is Akron Formulations India Pvt Ltd. The specific application (IA No. 910/2026) was a petition to condone a delay in filing the main appeal. Mr. Sriram Ananth V, Advocate entered appearance on behalf of the respondent during this hearing.
The tribunal examined the reasons provided for the delay in filing the appeal, specifically referencing paragraphs 2.5 and 2.6 of the condonation of delay application. The bench expressed satisfaction with the reasons stated therein.
Final Outcome
The National Company Law Appellate Tribunal allowed IA No. 910/2026, thereby condoning the delay in filing the appeal. The learned counsel for the appellant (SNJ Synthetics Ltd) was directed to serve copies of the appeal papers on the respondent (Akron Formulations India Pvt Ltd). The main appeal (Company Appeal (AT) (CH) (Ins) No. 316/2026) has been listed for admission hearing on 8th September 2026.
Topics: Insolvency Appeal, Procedural Delay, NCLAT