Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 02 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) issued a procedural order in Company Appeal (AT) (Insolvency) No. 1409 of 2026, accompanied by Interlocutory Application No. 5474 of 2026. The appeal involves Omkara Asset Reconstruction Company Ltd. as the Appellant versus Avenue 54 Welfare Association and Others as Respondents. The matter concerns a delay condonation application related to the filing of the appeal. Respondent No. 3 has already filed their reply to this application.
Final Outcome
The Tribunal directed Respondent Nos. 1 and 2 to file their replies to the delay condonation application within two weeks from the order date (by November 16, 2026). The Appellant is then permitted to file rejoinders to the replies filed by all three Respondents (Respondent Nos. 1 to 3) within two weeks after that deadline (by November 30, 2026). The appeal has been listed for next hearing on January 8, 2027.
Topics: NCLAT Procedure, Insolvency Appeal, Delay Condonation