Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 25 August 2026
Case Overview
The appeal was filed by Vatshalya Developers Private Limited & Others (Appellants) against Devendra Kumar Ramshanker Mishra & Another (Respondents). The Appellants are challenging the Impugned Order dated 15 July 2026 passed by the National Company Law Tribunal (NCLT), Mumbai Bench in Company Petition No. CP 244 of 2023. In that order, the NCLT had allowed the company petition, making Vatshalya Developers the opposite party in the proceedings.
The NCLAT, upon initial review, decided to issue formal notice to the respondents for both the appeal and the accompanying stay application. The tribunal directed the appellant to supply the respondent's email address and WhatsApp number and to ensure service of notice via these electronic methods within one week. Additionally, the appellant was ordered to serve the respondent via registered or speed post within the same one-week period.
Final Outcome
The NCLAT extended the time period for compliance with the directions given in relief 'a' of the NCLT's order until the next date of listing, which is 06 October 2026. This effectively grants an interim stay on the operation of the NCLT's order until the next hearing. The matter is now listed for further proceedings on 06 October 2026.
Topics: NCLAT Appeal, Corporate Litigation, Interim Stay