NCLAT Grants Time Extension in Srei vs Kitply Appeal

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 10 August 2026

Case Overview

This is an interim procedural order in an appeal filed by Srei Equipment Finance Ltd. (Appellant) against Kitply Industries Ltd. & Anr. (Respondents). The case is registered as Comp. App. (AT) (Ins) No. 1350 of 2026. The order was passed by a bench comprising Justice Mohammad Faiz Alam Khan, Member (Judicial), and Naresh Salecha, Member (Technical). The order addresses the request for time made by the counsel representing the respondents.

Final Outcome

The Tribunal granted Respondent No. 1 (Kitply Industries Ltd.) and Respondent No. 2 ten days to file their reply to the appeal. The respondents are required to provide an advance copy of their reply to the appellant's counsel. Subsequently, the appellant, Srei Equipment Finance Ltd., was granted three days to file a rejoinder to the respondents' replies. The matter has been listed for the next hearing on 03 September 2026.

Topics: Insolvency Appeal, Procedural Hearing, NCLAT