Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
This is an order from the NCLAT Principal Bench in an insolvency appeal numbered Comp. App. (AT) (Ins) No. 997 of 2026, along with an Interlocutory Application (I.A. No. 3952 of 2026). The appellant is Indian Bank, and the respondents are Varez Karsi Dadina & Anr. The order is a procedural update in the ongoing appeal process. The specific matter before the bench was a delay condonation application, likely filed by the appellant (Indian Bank) to seek permission for filing the appeal after a stipulated deadline.
Final Outcome
The bench issued a notice on the delay condonation application (I.A. No. 3952 of 2026). The counsel for the respondents were granted a period of two weeks to file their reply to this application. The appeal itself has been listed for its next hearing on July 22, 2026, for further proceedings. The order was passed by a bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)).
Topics: Insolvency Appeal, Legal Procedure