Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard four connected appeals concerning Tayo Rolls Ltd's insolvency proceedings. The appeals involve multiple parties including Suresh Narayan Singh (Appellant in two appeals), Tata Steel Ltd (Appellant in two appeals), Jharkhand Bijli Vitran Nigam Ltd (Appellant in one appeal), and Tayo Rolls Ltd along with its Resolution Professional Anish Agarwal as Respondents.
The proceedings primarily concern procedural matters related to delay condonation applications and completion of pleadings. The Tribunal noted that Jharkhand Bijli Vitran Nigam Ltd had been impleaded as Respondent No. 3 in Comp. App. (AT) (Ins) No. 330 of 2025 through I.A. No 6172 of 2025. Previous orders dated 21.04.2026 had directed Respondents 2 & 3 to file replies regarding delay condonation applications and for appellants to provide copies of appeals and delay condonation applications to these respondents.
Final Outcome
The Tribunal granted a final opportunity of 14 days from July 6, 2026 to Respondents 2 & 3 in Comp. App. (AT) (Ins) No. 330 of 2025 to file responses to the delay condonation application, with advance copies to the Appellant's counsel, who may file rejoinder within one week thereafter. For Comp. App. (AT) (Ins) No. 369 of 2025, Respondents 2 & 3 were directed to file response to both the delay condonation application and the appeal within 14 days, with similar provisions for rejoinder. The Tribunal declared that pleadings were complete in Comp. App (AT) (Ins) No. 396 & 397 of 2025 and Comp. App. (AT) (Ins) No. 178 of 2025. All appeals were listed for next hearing on August 5, 2026, with the explicit warning that no further opportunities for filing would be granted if deadlines are missed.
Topics: Insolvency Appeals, Procedural Directions, Delay Condonation