Supreme Court Dismisses MMTC Appeal, Upholds NCLAT

Authority: Supreme Court of India, Civil Appellate Jurisdiction

Order Date: 13 October 2026

Case Overview

• Appellant: MMTC LIMITED; Respondent: NATIONAL SPOT EXCHANGE LIMITED.
• Appeal filed against the final judgment and order dated 30‑03‑2026 passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 34/2026.
• The appellant sought relief challenging the NCLAT decision; the respondent filed IA No. 242153/2026 seeking condonation of delay in refiling/curing defects.
• Counsel for both parties appeared before a bench of Justice Pamidighantam Sri Narasinha and Justice Alok Aradhe.

Final Outcome

• The Supreme Court held that the NCLAT had not committed any error in law or fact.
• The civil appeal filed by MMTC LIMITED is dismissed.
• Delay in refiling/curing defects under IA No. 242153/2026 is condoned.
• Any pending applications, if any, are ordered disposed of.
• The signed order was placed on the file by the Assistant Registrar.

Topics: Court Decision, Corporate Law