Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 21 August 2026
Case Overview
The appellants, Royal Agency & 3 Others, have filed Company Appeal (AT) (CH) (Ins) No.420/2026 challenging the impugned order dated 04 June 2026 passed by the National Company Law Tribunal (NCLT), Chennai in I.A./IBC/834(CH)/2026. The NCLT order was originally preferred in CP(IB)/10/CHE/2025, indicating this matter arises from insolvency proceedings. The appeal was accompanied by delay condonation application IA No.1190/2026, where the appellants sought condonation of 2 days' delay, though the Registry noted only one day of actual delay.
Final Outcome
After hearing the learned counsel for both parties (Mr. Ajaychander for appellants and Mr. Vijith AN for respondent), and considering the reasons assigned in the delay condonation application, the NCLAT bench condoned the delay in filing the appeal. IA No.1190 of 2026 was allowed. The main appeal was listed for next hearing on 25 August 2026 at 2:00 pm.
Topics: Insolvency Proceeding, Delay Condonation