Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 24, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard arguments regarding a delay condonation application in an insolvency appeal matter. The appeal was filed by Vaibhav Mercantile Ltd. against respondent S. Kaliyammal. The case is registered as CA (AT) (Ins) No. 1072 of 2026 with interconnected applications I.A. No. 4209, 4210, 4211, and 4212 of 2026. The hearing specifically addressed I.A. No. 4211 of 2026, which pertains to condonation of delay in filing the appeal. The tribunal heard arguments from counsel for both parties - Mr. Gokul Athithya R.P. and Ms. Anjali Agarwal representing the appellant (Vaibhav Mercantile Ltd.), and Mr. G. Vairava Subramanian representing the respondent (S. Kaliyammal).
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) reserved its order on the delay condonation application. The court permitted both parties to file written notes supporting their oral submissions by August 25, 2026. The matter has been listed for pronouncement of the order on the delay condonation application on August 27, 2026. The substantive appeal will likely proceed only if the delay is condoned.
Topics: NCLAT Proceedings, Delay Condonation, Insolvency Appeal