Case Details

  • Case Name: Thrani Industries Ltd. v. KNK Ship Management
  • Court/Authority: Supreme Court of India, Civil Appellate Jurisdiction
  • Case/Order No.: Civil Appeal No. ……………/2026 @ D.No.61278/2025
  • Date of Order: 25 May 2026
  • Underlying Proceedings: Appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 against NCLAT order dated 11 September 2025 (Comp. App. (AT) (Ins) No.2149 of 2024)

Parties Involved

  • Appellant: Thrani Industries Ltd.
  • Respondent: KNK Ship Management
  • Judges: Justice Dipankar Datta, Justice Satish Chandra Sharma
  • Earlier Tribunal: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Issues / Allegations / Violations

  • Thrani Industries sought condonation of a 166‑day delay in refiling its appeal, citing non‑availability of typed pages and the authorised representative’s medical treatment as reasons.
  • The core issue was whether the delay was justified and could be condoned under the Supreme Court Rules, 2013.

Findings & Observations

  • The Court held that no sufficient cause for the delay was demonstrated.
  • The explanations provided were described as “a lame excuse” and not acceptable for condonation.

Penalties / Settlements / Directions

  • The application for condonation of delay was dismissed.
  • Consequently, the appeal itself was dismissed.

Corrective Actions & Future Obligations

  • No specific corrective measures or future obligations were imposed beyond the dismissal.

Final Ruling & Enforcement

  • The appeal filed by Thrani Industries Ltd. stands dismissed.
  • The order was signed by Justice Dipankar Datta and Justice Satish Chandra Sharma on 25 May 2026.