Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 7th July, 2026
Case Overview
This Interlocutory Application (No.4470/2026) arises from an un-numbered Company Appeal filed by Rajasthan Financial Corporation (Appellant) against Man Industrial Corporation Ltd. (Respondent). The Appellant had initially e-filed the Memorandum of Appeal on 24th November 2025. The NCLAT Registry scrutinized the filing and intimated defects to the Appellant on 29th November 2025. The Appellant was required to re-file the corrected appeal within seven days of this intimation. However, the appeal was only re-filed on 16th June 2026, resulting in a delay of 192 days. The application seeks an extension of time and condonation of this delay.
The Appellant cited multiple reasons for the delay in paragraphs 8, 9, and 10 of the application. These reasons include the resignation of the officer-in-charge/authorized representative, the voluminous nature of the file which took time to review, the departure of the counsel's clerk due to personal matters, time taken to understand and remove the objections raised by the Registry, and delays in obtaining internal administrative approvals for re-filing due to exigencies and formalities.
Final Outcome
The Registrar, after perusing the application and the office report, noted that no one appeared on behalf of the Appellant during the proceedings. The Registrar recorded the delay of 192 days in re-filing the Memorandum of Appeal and directed that the case be placed before the Hon'ble Bench for appropriate orders. The case is to be listed under the heading 'for admission with defect (fresh case)'.
Topics: NCLAT Procedure, Appeal Refiling Delay, Condonation of Delay
This content may not be financially relevant as it pertains solely to a procedural delay in a legal filing and does not involve material financial information, penalties, or substantive rulings affecting the companies' operations or valuations.