Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal heard Company Appeal (AT) (Insolvency) No. 1030 of 2026 along with I.A. No. 4063 of 2026. The appellant is SGN Universal Construction Co. Pvt. Ltd., represented by Senior Advocate Mr. Amar Dave with Mr. Rishi Jaiswal. The respondent is Bhuvan Madan, the Interim Resolution Professional, represented by multiple advocates including Mr. Vaijayant Paliwal. The application I.A. No. 4063 of 2026 sought condonation of a 3-day delay in filing the insolvency appeal.
The tribunal examined the delay condonation application and found sufficient cause shown for the 3-day delay in filing. The bench consisting of Justice N. Seshasayee (Member Judicial) and Barun Mitra (Member Technical) heard the matter in hybrid mode.
Final Outcome
The NCLAT condoned the 3-day delay in filing the appeal. The main appeal (Comp. App. (AT) (Ins.) No. 1030 of 2026) was listed for admission hearing as a new fresh case on July 13, 2026.
Topics: Insolvency Appeal, Delay Condonation, NCLAT Proceeding