NCLT Condones Uttarakhand Power Corp's 35-Day Delay

Authority: National Company Law Tribunal, New Delhi Principal Bench

Order Date: 08.07.2026

Case Overview

This order pertains to an interlocutory application (New IA-3013/2026) filed within the larger insolvency proceedings initiated by Corporation Bank against M/s. Mutiwal Pulp and Board Mills Pvt Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016 (IB-343(PB)/2019). The application was filed by Uttarakhand Power Corporation Limited, seeking condonation of a 35-day delay in filing its rejoinder dated 24.06.2026. The rejoinder was a response to the respondent's reply in a contempt petition. The applicant's counsel, Mr. Akshay Thakur, argued that the delay occurred due to the unavailability of an authorized signatory and the ensuing court vacations.

Final Outcome

The bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member Technical), allowed the application. The delay of 35 days was condoned, and the rejoinder dated 24.06.2026 was taken on record. The application (New IA-3013/2026) was disposed of accordingly.

Topics: NCLT Procedure, Insolvency Case, Delay Condonation