Authority: Supreme Court of India
Order Date: 21 September 2026
Case Overview
- Petitioners: Central Board of Trustees (CBT); Respondents: Vinod Tarachand Agrawal and another.
- Appeal arose from impugned final judgment and order dated 02‑03‑2026 of CAAT(I) No. 47/2026 passed by the National Company Law Appellate Tribunal.
- The appeal was filed 25 days after the prescribed period and subsequently re‑filed 64 days later.
- The Court examined Section 62 of the Insolvency and Bankruptcy Code, 2016, which permits condonation of delay only up to 15 days.
- Counsel for both parties were heard; the Court noted that the delay exceeded the statutory limit and could not be condoned.
Final Outcome
- The appeal and the associated condonation‑of‑delay applications (IA 281407/2026, IA 281408/2026) are dismissed as hopelessly time‑barred.
- All pending interim applications (IA 281409/2026, IA 281410/2026) stand disposed of.
- The order is signed by Justices Sanjay Kumar and Sanjeev Sachdeva and placed on file by the Assistant Registrar.
Topics: Insolvency, Court Order