Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard procedural matters in Company Appeal (AT) (Ins) No. 973 of 2026 along with Interlocutory Application No. 3714 of 2026. The appeal has been filed by Dinesh Hariram Valecha against Udayraj Patwardhan in his capacity as the Liquidator of Valecha LM Toll Private Limited, which is currently in liquidation. The specific matter before the tribunal was I.A. No. 3714 of 2026, which is an application praying for condonation of 116 days delay in re-filing the Appeal.
Final Outcome
The tribunal issued notice on the condonation of delay application. The counsel for the liquidator accepted notice on behalf of the liquidator, and the tribunal directed that no fresh notice need be issued. The tribunal set specific timelines for filing responses: the reply must be filed within two weeks, and any rejoinder must be filed within two weeks thereafter. The matter has been adjourned and is now listed for further hearing on August 3, 2026, when both the application and the main appeal will be considered.
Topics: Insolvency Proceedings, Legal Delay Condonation, NCLAT Hearing