Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 08.06.2026
Case Overview
This order pertains to procedural applications within a larger corporate insolvency proceeding (IB-1715(PB)/2018) initiated by Dewesh Auto Creative Services Pvt Ltd against Morpheous Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Two applications were heard: RA-07/2026, a restoration application, and a new application, IA-2586/2026. The latter was filed by the respondent, Morpheous Developers Pvt. Ltd., seeking condonation of a 128-day delay in filing its reply to the restoration application (RA-07/2026). The respondent's counsel argued the delay was bona fide and unintentional.
Final Outcome
The NCLT bench, comprising Justice Anupinder Singh Grewal and Shri Ravindra Chaturvedi, condoned the 128-day delay subject to a cost of Rs. 10,000/- to be deposited by the respondent into the Prime Minister National Relief Fund. The reply filed by Morpheous Developers was taken on record. The application IA-2586/2026 was disposed of. For the main restoration application (RA-07/2026), the hearing was adjourned to 21st July 2026 at the request of the petitioner's counsel.
Topics: Insolvency Proceeding, Procedural Delay, NCLT Order