Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 02nd September, 2026
Case Overview
This is an interlocutory application (IA No.6117/2026) filed by Punjab National Bank (Appellant) against Siddhanth Vedant Cold Storage Pvt. Ltd. (Respondent). The application sought an extension of time to cure defects in the filing of a company appeal. The substantive appeal remains unnumbered as of this order.
The factual background states that Punjab National Bank e-filed the Memorandum of Appeal on 08th July, 2026. The NCLAT registry scrutinized the filing and intimated defects to the appellant on 24th July, 2026. The appellant subsequently re-filed the appeal on 19th August, 2026, which represented a delay in curing the defects.
Final Outcome
After hearing the appellant's counsel and reviewing both the application and office report, the Registrar found the reasons mentioned in the interlocutory application to be sufficient. The delay of 19 days in re-filing the Memorandum of Appeal was condoned. The case was directed to be listed before the Hon'ble Bench under the heading 'for admission (fresh case)'. The interlocutory application stands disposed of with this order.
Topics: NCLAT Procedure, Banking Litigation, Delay Condonation