Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 02 September 2026
Case Overview
This order pertains to Company Appeal (AT) (Ins) No. 180 of 2026 filed by Yashu Iron Pvt Ltd (Appellant) against Castings Dynamics Ltd (formerly Indsur Global Limited) and Others (Respondents). The matter is an insolvency appeal where pleadings have already been exchanged between the parties and the appeal was ready for final hearing. The Appellant had filed an application (IA No. 668/2026) seeking condonation of an 8-day delay in preferring the appeal. Both parties were represented by their legal counsel during the proceedings.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), allowed the application IA No. 668/2026 after hearing the learned counsel for both parties. The tribunal expressed satisfaction with the reasons provided for the delay and condoned the 8-day delay in filing the appeal. The matter was subsequently listed for next hearing on 26 October 2026.
Topics: Insolvency Appeal, Procedural Delay, NCLAT