Authority: Supreme Court of India, Civil Appellate Jurisdiction
Order Date: October 01, 2026
Case Overview
- Appeal No.: Civil Appeal No. ___ of 2026 (Diary No. 25472/2026) filed by Mosco International Commodities Private Limited against SBEC Sugar Ltd.
- Origin: The appeal arose from the impugned final judgment and order dated 25‑02‑2026 in CAAT(I) No. 860/2024 passed by the National Company Law Appellate Tribunal.
- Grounds: The appellant sought relief under Section 62 of the Insolvency and Bankruptcy Code, 2016.
- Delay Applications: IA No. 232092/2026 (condonation of delay in filing), IA No. 232096/2026 (condonation of delay in refiling / curing defects), IA No. 232088/2026 (stay application).
- Hearing: Conducted on 01‑10‑2026 before Hon’ble Justices S.V.N. Bhatti and N.V. Anjaria.
- Counsel for Appellant: Mr. Aditya Madaan, Adv. Mr. Raghav Sharma, AOR Mr. Gauravdeep Bhal, Adv. Mr. Jaskirat Pal Singh, Adv. Mr. Mridul Shukla.
- Counsel for Respondent: Mr. Manpreet Singh Ahluwalia, Adv. Mr. Salil Seth, Adv. Mr. Umesh Kumar Khaitan, AOR.
- Court Master: SNEHA DAS (SH), NIDHI MATHUR (NSH).
Observations & Reasoning
- The Court noted that the appellant’s delay in filing (14 days) and in refiling (72 days) was condoned as per the applications filed.
- After reviewing the facts and circumstances, the Court found no legal ground to entertain the appeal under Section 62 of the IBC.
- The appeal therefore lacked merit and could not be sustained.
Final Outcome
- The civil appeal is dismissed.
- All pending applications, if any, are ordered disposed of.
- The signed order is placed on the file.
Topics: Insolvency, Court Decision