Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 20 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1326 of 2026 along with I.A. No. 5181 of 2026. The appeal was filed by MKS Constro Venture Pvt. Ltd. (Appellant) against The Monitoring Committee of Gigeo Construction Company Pvt. Ltd. and Others (Respondents). The tribunal noted that notice for Respondent No. 6 was still 'in transit' at the time of the hearing.
Representation was confirmed for all parties: Ms. Ishita Farsaiya represented the Appellant; Mr. Utsav Mukherjee represented Respondents No. 1, 4 & 5; Mr. Aashray Chauddhary represented Respondent No. 3; Ms. Shawn Fernandes represented Respondent No. 2; Ms. Prachi Wazalwar represented Respondent No. 7; and Mr. Sumit Khanna represented Respondent No. 8.
The tribunal granted respondents who had not filed responses to the appellant's delay condonation application one week to file their responses, with advance copies to the appellant's counsel. The appellant was given three days thereafter to file a rejoinder if desired.
Final Outcome
The appeal was listed for admission hearing after notice on September 1, 2026. The bench comprised Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical).
Topics: NCLAT Proceedings, Corporate Insolvency, Construction Sector