Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16 July 2026
Case Overview
This order pertains to Comp. App. (AT) (Ins) No. 1072 of 2026 and connected interlocutory applications (I.A. No. 4209, 4210, 4211, 4212 of 2026). The appellant is Vaibhav Mercantile Ltd and the sole respondent is S. Kaliyammal. The matter is an insolvency appeal. The tribunal noted that the appellant had failed to file the process fee as required by its previous order dated 24 June 2026. The appellant's counsel attributed this failure to an inadvertent mistake and sought five additional days to comply.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) granted the appellant five days from July 16, 2026, to file the process fee and requisite documents. During the hearing, Shri G. Vairava Subramanian appeared for the sole respondent and committed to filing a Power of Attorney/Vakalatnama and a response to the delay condonation application within two weeks. Given the respondent's representation, the tribunal dispensed with formal notice issuance. The respondent's reply will be served in advance to the appellant's counsel, who waived the right to file a rejoinder. The matter was adjourned and listed for next hearing on August 5, 2026.
Topics: NCLAT Procedure, Insolvency Appeal, Adjournment