Authority: Supreme Court of India
Order Date: 30 September 2026
Case Overview
- Appellant: Central Board of Trustees (CBT)
- Respondents: Sreenivasa Rao Ravinuthala & Anr.
- Appeal filed under Section 62 of the Insolvency and Bankruptcy Code, 2016, challenging the final judgment and order dated 08‑08‑2025 of the National Company Law Appellate Tribunal, Chennai (CAAT (CH) (I) No. 319/2025).
- The appeal was filed 332 days after the impugned order, exceeding the prescribed limitation period.
- Counsel for the appellant included Mr. Brijesh Kumar Tamber, Mr. Vinay Singh Bist, Mr. Yashu Rustagi, Mr. Sahas Bhasin, Ms. Chanchala Kumari, Mr. Dhimaan Dutta, Mr. Vaibhav Krishna Dayma, Mr. Prakhar Pushp; counsel for the respondents not specified.
Observations
- The Court observed no substantive ground to entertain the appeal under Section 62 of the IBC.
- The 332‑day delay was deemed a fatal procedural defect, rendering the appeal time‑barred.
- Consequently, the pending Interlocutory Application No. 280610/2026 seeking condonation of delay was also disposed of.
Final Outcome
- The civil appeal is dismissed in accordance with the signed order placed on the file.
- All pending applications, including IA No. 280610/2026, stand disposed.
Topics: Insolvency, Court Decision