Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 02.09.2026
Case Overview
This appeal was filed by R T Advisory Services LLP (Appellant) against Sardesai Engineering Pvt. Ltd. (Respondent). The appellant is challenging the order of the National Company Law Tribunal (NCLT) dated 19.07.2024, which rejected its application filed under Section 7 of the Insolvency and Bankruptcy Code (I&B Code). The appeal was e-filed with the NCLAT Registry on 29.08.2024, resulting in a delay of 11 days from the date of the impugned order. The appellant had filed an interlocutory application (I.A. No. 6447 of 2024) seeking condonation of this delay. During the hearing, the appellant's counsel requested an adjournment, which was opposed by the respondent's counsel but was ultimately granted in the interest of justice.
Final Outcome
The NCLAT allowed I.A. No. 6447 of 2024 and condoned the 11-day delay in filing the appeal. The Tribunal found the reasons provided in paragraph 3 of the application to be satisfactory. It also noted that the period of delay fell within the condonable limit prescribed under the proviso to sub-section (2) of Section 61 of the I&B Code. The company appeal (Company Appeal (AT) (Ins) No. 1767 of 2024) has been adjourned and is now listed for next hearing on 29.09.2026.
Topics: Insolvency, Legal Proceedings