Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 16 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1690 of 2026 filed by Seros Energy Pvt. Ltd. as Appellant against Vijay Kumar V. Iyer (Resolution Professional of SES Energy Services India Pvt. Ltd.) as Respondent No. 1 and another respondent (Respondent No. 2). The appeal was accompanied by I.A. No. 6434 of 2026 for condonation of a one-day delay in filing. Senior Counsel Abhijeet Sinha appeared for the Appellant, while Senior Counsel Gaurav Mitra with advocates Shubham Kulshreshtha and Satya Rath represented Respondent No. 2.
The Tribunal considered the grounds in the application supported by affidavit and condoned the one-day delay in filing the appeal, allowing the application. The main appeal was heard, and the Tribunal found that the matter requires consideration. Notice was issued to Respondent No. 1 (Vijay Kumar V. Iyer, RP), with directions to complete service steps including process fee within three working days. Respondent No. 2, through Mr. Shubham Kulshrestha, was granted two weeks to file a reply with an advance copy to the Appellant's counsel, who may file a rejoinder within one week thereafter.
A separate stay application (I.A. No. 6431 of 2026) was also heard, with notice issued to the respondents and similar directions for service within three working days.
Final Outcome
The appeal was admitted for hearing, and the case was listed for the next admission hearing (after notice) on 13 October 2026. The procedural timelines were established for filing replies and rejoinders, but no substantive decision on the merits of the case was rendered in this order.
Topics: NCLAT Appeal, Insolvency Proceeding, Procedural Order