Sampath Vinayaka Steels 7-Day Delay Condonation

Authority: National Company Law Appellate Tribunal, Chennai Bench

Order Date: 31 August 2026

Case Overview

This is an Interlocutory Application (IA No. 1128/2026) filed within a larger Company Appeal (AT) (CH) (Ins) No. 395/2026. The Appellant, Sampath Vinayaka Steels Pvt Ltd, sought condonation of a 7-day delay in preferring the main appeal. The Respondent is Naga Bhushan Bhagawati, who is also the Resolution Professional (RP) in the matter. The tribunal heard arguments from both sides, with Mr. Anand Merathia representing the Appellant and Mr. B. Naga Bhushan representing himself as the Respondent.

Final Outcome

The bench, comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), condoned the delay. The order states the tribunal was satisfied with the reasons for the delay as explained in paragraphs 11 to 13 of the affidavit filed in support of the application. The main appeal has been listed for admission on 8 September 2026.

Topics: NCLAT, Delay Condonation