Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by Exclusive Capital Ltd against Vikas Shambhukumar Kasliwal and another respondent. The appeals are numbered Comp. App. (AT) (Ins) No. 700 of 2026 with I.A. No. 2733 of 2026 and Comp. App. (AT) (Ins) No. 706 of 2026 with I.A. No. 2759 of 2026. The matter involves a delay condonation application that requires procedural resolution before the main appeals can be heard.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (The Officiating Chairperson) and Barun Mitra (Member Technical) issued procedural directions. The respondents were directed to file their reply to the delay condonation application within two weeks. The appellant (Exclusive Capital Ltd) was granted a further two weeks after receipt of the reply to file any rejoinder. The matter was listed for next hearing on September 7, 2026. No substantive decision on the merits of the case was made in this order.
Topics: NCLAT Proceedings, Corporate Legal Dispute, Insolvency Appeal