Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected matters: Restoration Application (AT) No. 9 of 2025 in CA (AT) (Ins) No. 1032 of 2024 and Comp. App. (AT) (Ins) No. 1038 of 2024. The first matter involved an application for restoration of a previously dismissed appeal filed by Niharika Goel, Suspended Director of Satellite Cables Pvt. Ltd., against Suraj Garg (SRA of Satellite Cables Pvt. Ltd.) and others. The second matter was an appeal filed by Vinay Gupta against Oswal Minerals Ltd. & Others.
The restoration application was filed because the appeal (CA (AT) (Ins) No. 1032 of 2024) had been dismissed earlier for want of prosecution when the appellant's counsel failed to appear. The appellant's counsel explained that the senior counsel had personal difficulties and the assisting counsel had a bereavement in the family and was in a remote area with poor network connectivity, preventing virtual appearance. The appellant argued they had been diligently contesting the case without attempting to delay proceedings. The Respondent No. 1 (SRA) opposed the restoration, claiming the explanation for non-appearance was not genuine.
Final Outcome
The NCLAT allowed the restoration application, finding the explanation for the counsel's absence sufficient. The appeal (CA (AT) (Ins) No. 1032 of 2024) was restored to its original number. Subsequently, both appeals (CA (AT) (Ins) No. 1038 of 2024 and the restored CA (AT) (Ins) No. 1032 of 2024) were heard completely, and judgment was reserved. Counsel for all parties were permitted to file written submissions (not exceeding 3-4 pages with relevant citations) within 7 days from August 7, 2026, using Times New Roman font size 14.
Topics: NCLAT Proceedings, Insolvency Appeals