Supreme Court Dismisses Nirmal Trading Appeal

Authority: Supreme Court of India, Civil Appellate Jurisdiction (Justices B.V. Nagarathna & R. Mahadevan)

Order Date: 21 September 2026

Case Overview

• Parties: Appellant Nirmal Trading Company vs. Respondent Sh. Rajeev Dhingra and others.
• Origin: Appeal against the impugned order dated 22 July 2026 passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, in I.A. No. 4889 of 2026, Company Appeal (AT) (Insolvency) No.36 of 2024.
• Petition: Condonation of delay in refiling/curing defects (IA No. 266739/2026).
• Counsel: For petitioner – Mr. Deepkaran Dalal, AOR Mr. Raunaq Dalal, Adv. Dr. Vipin Wason, Adv. Ms. Stuti Wason, Adv. Mr. Geetesh Meena; For respondents – Mr. Gaurav Agarwal, Sr. Adv. Mr. Sandeep Vij, Adv. Mr. Kanishk Khetan, AOR.
• Issues: Whether to condone delay, enforce payment, and continuation of contempt proceedings.

Final Outcome

• The Court condoned the delay in refiling and dismissed the civil appeal.
• It granted the appellant three months from the order date to make payment to the first respondent, conditional upon filing an undertaking within one week.
• Contempt proceedings were adjourned to a date beyond the three‑month payment period.
• All pending applications, if any, stand disposed of.

Topics: Insolvency, Supreme Court Order