Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13th July 2026
Case Overview
The order pertains to seven consolidated company appeals (Nos. 192, 193, 199, 200, 201, 214, and 215 of 2026) heard together. The appellants are audit firms and individuals, including B S R & Associates LLP, SRBC & Co LLP, Udayan Sen, Kalpesh Mehta, Ravi Bansal, and N. Sampath Ganesh. The respondent in all appeals is the Union of India, with the Ministry of Corporate Affairs specifically named in appeals 214 and 215. The nature of the underlying dispute or regulatory action being challenged is not detailed in this procedural order. The appellants were represented by senior advocates including Mr. Arun Kathpalia, Mr. Jayant Mehta, Mr. Mahesh Agarwal, and Mr. Raghav Seth, among others.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, issued procedural directions. In Appeal No. 199 of 2026, the appellant had received a reply and was granted time to file a rejoinder. For the remaining six appeals (192, 193, 200, 201, 214, 215), the respondents (Union of India) were directed to file their replies within two weeks. The appellants in these cases were then given a further two weeks to file their rejoinders. The tribunal ordered that all interim orders currently in place shall continue until the next date of hearing, which is scheduled for 8th September 2026.
Topics: NCLAT Proceedings, Regulatory Appeals, Audit Profession