Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07 July 2026
Case Overview
This order pertains to Company Appeal (AT) (Insolvency) No. 1030 of 2026 and an accompanying Interlocutory Application (I.A. No. 4063 of 2026). The appellant is SGN Universal Construction Co. Pvt. Ltd., and the respondent is Bhuvan Madan in his capacity as the Interim Resolution Professional. The appellant was represented by Senior Advocate Mr. Amar Dave with Advocate Mr. Rishi Jaiswal. The respondent was represented by a team of advocates led by Mr. Vaijayant Paliwal.
The primary matter before the tribunal was an application (I.A. No. 4063 of 2026) praying for the condonation of a 3-day delay in filing the main appeal. The tribunal found sufficient cause was shown in the delay condonation application and accordingly condoned the delay.
Final Outcome
The delay in filing the appeal was condoned. The main appeal (Comp. App. (AT) (Ins.) No. 1030 of 2026) was admitted and listed for an admission hearing under the category 'For Admission (New Fresh Cases)' on 13th July 2026. The order was passed by a bench comprising Justice N. Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical).
Topics: Insolvency Appeal, NCLAT Procedure, Delay Condonation