Authority: Supreme Court of India, Civil Appellate Jurisdiction
Order Date: 14 July 2026
Case Overview
- Petitioner: National Asset Reconstruction Company Limited (NARC)
- Respondent: State Tax Officer & Others
- Civil Appeal No(s).: 24121/2026 (Diary No. 24121/2026)
- Origin: Appeal against the impugned final judgment and order dated 11‑03‑2026 in CAAT(I) No. 369/2026 and IA No. 2194/2026 passed by the National Company Law Appellate Tribunal (NCLAT).
- Related Applications: IA No. 190042/2026 (condonation of delay in refiling/curing defects) and IA No. 190041/2026 (ex‑parte stay).
- Bench: Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe.
- Counsel for Petitioner: Senior Counsel S. Niranjan Reddy, Sr. Adv. Ankur Mittal, Sr. Adv. Paromita Majumdar, AOR Sabhya Jain, Adv. Arpit Sharma, Adv. Aviraj Pandey.
- Proceedings: The matter was called for hearing on 14‑07‑2026. The Court heard senior counsel S. Niranjan Reddy on behalf of the appellant.
Order Details
1. Delay Condoned – The Court condoned the procedural delay raised in the pending applications.
2. Dismissal of Appeals – The Civil Appeals filed by NARC are dismissed in terms of the signed order.
3. Disposition of Pending Applications – Any pending applications, if any, shall stand disposed of.
Final Outcome
- The Supreme Court upheld the National Company Law Appellate Tribunal’s decision, finding no error in law or fact, and consequently dismissed the appellant’s civil appeals. The Court also condoned the delay and ordered disposal of all pending applications related to the matter.
Topics: Legal Judgment, Tax Litigation, Asset Reconstruction