Case Details

  • Case Name: Thrani Industries Ltd vs KNK Management
  • Court/Authority: Supreme Court of India
  • Diary No.: Civil Appeal Diary No. 61278/2025
  • Origin: Impugned final judgment and order dated 11-09-2025 in CAAT(I) No.2149/2024 passed by the National Company Law Appellate Tribunal (NCLAT)
  • Judges: Hon'ble Mr. Justice Dipankar Datta, Hon'ble Mr. Justice Satish Chandra Sharma
  • Date of Hearing: 25-05-2026
  • Applications Filed:
  • I.A. No.142456/2026 – Condonation of delay in refiling/curing the defects
  • I.A. No.153890/2026 – Exemption from filing O.T.
  • Period of Dispute/Violation: Not specified in the order

Parties Involved

  • Petitioner: Thrani Industries Ltd
  • Respondent: KNK MANAGEMENT
  • Counsel for Petitioner: Dr. Aditya Sondhi, Sr. Adv.; Yash S. Vijay, AOR; Pranjal Agarwal, Adv.; Dixita Gohil, Adv.; Devika Dhawan, Adv.; Shikhar Aggarwal, Adv.; Joshua Tom Thomas, Adv.
  • Counsel for Respondent: Saket Sikri, Adv.; Deepak Prakash, AOR; Gautam Khazanchi, Adv.; Suruchi Jaiswal, Adv.; Aditi Kukreja, Adv.; Ajay Pal Singh Kullar, Adv.; Shaurya Shyam, Adv.

Issues / Allegations / Violations

  • The petitioner sought:

1. Condonation of delay in refiling and curing defects (I.A. No.142456/2026).

2. Exemption from filing O.T. (I.A. No.153890/2026).

  • No further allegations, statutory breaches, or specific violations were detailed in the order.

Findings & Observations

  • The Supreme Court examined the applications and found no sufficient ground to grant the relief sought.
  • The Court dismissed the applications, indicating that the requests for condonation of delay and exemption were not warranted.

Penalties / Settlements / Directions

  • Dismissal: The applications seeking condonation of delay and exemption from filing O.T. are dismissed.
  • Disposition of Pending Applications: Any pending applications, if any, shall stand disposed of.

Corrective Actions & Future Obligations

  • No specific corrective actions or future compliance obligations were imposed beyond the dismissal of the applications.

Final Ruling & Enforcement

  • The appeal filed by Thrani Industries Ltd is dismissed.
  • All pending applications related to the matter are ordered to be disposed of.
  • The order is signed by the Registrar-cum-PS Court Master (NSH) and placed on file.