Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 05.10.2026
Case Overview
This is an appeal filed by Mehulkumar Arvindbhai Patel & Ors. (Appellants) against Vikash Jain, the Liquidator of MAP Refoils India Ltd. (Respondent). The appeal arises from proceedings under the Insolvency and Bankruptcy Code, 2016. The appellants have also filed an interlocutory application (I.A. No.6307 of 2026) seeking condonation of delay in filing the main appeal (Company Appeal (AT) (Ins.) No. 1709 of 2026).
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), issued a notice in the delay condonation application (I.A. No.6307 of 2026). Counsel for the sole respondent, Mr. Monaal Davawala, accepted the notice and was granted two weeks to file a reply. The appellants were granted one week thereafter to file a rejoinder, if they so wished. The appeal was listed for the next hearing on 06.11.2026. The tribunal explicitly clarified that the mere pendency of this appeal shall not be construed as a stay of any other proceeding related to this matter.
Topics: Insolvency Appeal, NCLAT Procedure, Liquidation