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

Order Date: 22 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1636 of 2026 along with I.A. No. 6252 of 2026, an appeal arising from insolvency proceedings concerning Avani Projects and Infrastructure Ltd. The appellant, Ajay Arora, filed two interlocutory applications: I.A. No. 6252 of 2026 seeking condonation of delay of 13 days in filing the appeal, and I.A. No. 6253 of 2026 for impleadment of the SRA (Successful Resolution Applicant).

Counsel for the parties appeared, with Mr. Shiilon Sengupta, Mr. Soumya Dutta, and Ms. Nisstha Balodia representing the appellant. Mr. Shambo Nandy and Mr. Daksh Sharma represented the SRA, while Mr. Rishav Banerjee, Ms. Supriyo Gole, Mr. Arijit Mazumdar, Mr. Madhuja Barman, and Ms. Anoushka Dey represented Respondent No. 1, the Resolution Professional Ajay Kumar Agarwal.

The tribunal noted that connected appeals between the parties are pending before Bench No. 1, and there was a request to transfer this matter to that bench. However, the tribunal decided to issue notice on the delay condonation and impleadment applications.

Final Outcome

The NCLAT issued notice on both applications and granted one week to Shri Shambo Nandy (for SRA) to file objections to the impleadment application and delay condonation application. The Resolution Professional was also granted one week to file replies to these applications, with advance copies to the appellant's counsel. The appellant was given 5 days thereafter to file rejoinder, if desired.

The tribunal granted liberty to the parties to move an appropriate application before Bench No. 1 or mention the matter for transferring all connected cases to the same bench. The matter was listed for next hearing on 13 October 2026 under the caption "After Notice".

The order was passed by Justice Mohammad Faiz Alam Khan (Member Judicial) and Ajai Das Mehrotra (Member Technical).

Topics: Insolvency Proceedings, Legal Procedure, Delay Condonation