Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected company appeals:
- Company Appeal (AT) No. 319 of 2025: Filed by Chandan Kumar Shaw & Anr. (Appellants) against Asthavinayak Polysacks Pvt. Ltd. & Ors. (Respondents).
- Company Appeal (AT) No. 17 of 2026: Filed by Chandan Kumar Shaw & Ors. (Appellants) against Smartex Polyfabs Pvt. Ltd. & Ors. (Respondents).
The counsel for the respondents, Ms. Tanvi Luhariwala and Ms. Simran More, had not filed their counter affidavit to the appeals. They requested more time to do so.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), granted the respondents a final opportunity of three weeks to file their counter affidavit. This filing is to be accompanied by a stay vacation application. The appeals are now listed for admission hearing (after notice) on 29 September 2026. The tribunal also ordered that any interim order already granted in these matters shall continue to operate until the next date of listing.
Topics: NCLAT, Corporate Litigation, Procedural Adjournment