Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1648 of 2026, an appeal filed by Indojewel Jewellery Pvt. Ltd. (Appellant) against Multistoried IT & Gems Commercial Premises Cooperative Society Ltd. & Anr. (Respondents). The matter represents an insolvency-related appeal proceeding before the tribunal.
The order addresses procedural scheduling matters rather than substantive legal issues. The respondent had requested additional time to prepare their reply to the appeal. The tribunal noted that the respondents' counsel had not marked their appearance for this hearing.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Arun Baroka (Member Technical) granted the respondents exactly 10 days to file their reply, with a clear stipulation that no further extensions would be granted for this purpose. The respondents must provide an advance copy of their reply to the appellant's counsel via email within this 10-day period, using the email address to be provided in the chat box on the order date. The appellant will then have 5 days to file their response to the reply.
The appeal was listed for its next hearing on 29 October 2026. The tribunal ordered that the statement given by the respondent's counsel on 24 September 2026, which was recorded in the order of that date, would remain in effect until the next hearing date.
- Topics: NCLAT Procedure, Insolvency Appeal, Judicial Scheduling