Authority: Supreme Court of India

Order Date: 24 August 2026

Case Overview

  • Parties: Lorenzo Vitrified Tiles Private Limited (Appellant) vs. Committee of Creditors of Vrundavan Ceramic Private Limited & Others (Respondents).
  • Origin: Appeal arises from the impugned final judgment and order dated 20‑05‑2026 passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT(I) No. 1950/2024.
  • Procedural History: Petitioners filed IA No. 249614/2026 seeking condonation of delay in filing IA No. 249620/2026 (stay application). The matter was listed for hearing on 24‑08‑2026.
  • Counsel for Petitioner: Mr. Arjun Sheth, Adv.; Ms. Mohini Priya, AOR; Ms. Hetvi Ganatra, AOR; Ms. Somya Jain, Adv.; Mr. Rishabh Shah, Adv.; Ms. Sayesha Gambhir, Adv.
  • Counsel for Respondent: Not listed in the record.
  • Bench: Hon’ble Mr. Justice Pamidighantam Sri Narasimha and Hon’ble Mr. Justice Alok Aradhe.

Observations & Reasoning

1. The Court noted that the NCLAT had not committed any error in law or fact in its earlier judgment.

2. The Court exercised its discretion to condone the delay in filing the interlocutory applications.

3. No substantive grounds were found to merit overturning the NCLAT order.

Final Outcome

  • The civil appeal filed by Lorenzo Vitrified Tiles Private Limited is dismissed.
  • The condonation of delay is granted.
  • Any pending applications, if any, shall stand disposed of.

Topics: Insolvency, Supreme Court Judgment