SC upholds NCLAT order dismissing appeal against Resolution Plan, condones delay in re-filing appeals under IBCThe SC upheld the NCLAT's order dismissing the appeal against the Resolution Plan approved by the Liquidator. The NCLAT had condoned the delay in re-filing the appeals, finding the explanation satisfactory. The SC found no reason to interfere with the NCLAT's decision dated 28.02.2025 and dismissed the civil appeals.

The Supreme Court, with Justices J. B. Pardiwala and R. Mahadevan presiding, condoned the delay and declined to interfere with the impugned order dated 28.02.2025 of the National Company Law Appellate Tribunal, Chennai. The Civil Appeals were dismissed. However, the Court explicitly stated that the "question of law, if any, is kept open." Pending applications were disposed of.

Condonation of delay in filing appeal - Resolution Plan stood approved by an Order of 30.05.2022, as it was passed by the Liquidator, which was subjected challenge to an Appeal before NCLAT, which was dismissed on 28.09.2022 - it was held by NCLAT that 'The delay in re-filing the appeals was satisfactorily explained and thus condoned.' HELD THAT:- There are no reason to interfere with the impugned order dated 28.02.2025 passed by the National Company Law Appellate Tribunal, Chennai. The Civil Appeals are, accordingly, dismissed. GOPALA KRISHNAN MS & ANR. Versus RAVINDRA BELEYUR & ORS.
IBC
2025 (7) TMI 1828 - SC Order - TMI
SUPREME COURT - SC
Dated:- 15-7-2025
CIVIL APPEAL NO. 6858/2025 WITH CIVIL APPEAL NO………. . OF 2025 ( @Diary No. 19533 / 2025 ) - -
Insolvency & Bankruptcy
HON'BLE MR. JUSTICE J. B. PARDIWALA And HON'BLE MR. JUSTICE R. MAHADEVAN For the Appellant : Mr. Mohammad Shoeb Alam, Sr. Adv. Mr. Sumeer Sodhi, AOR Mr. Akshay Sharma, Adv. Mr. Harshit Joshi, Adv ORDER 1. Delay condoned. 2. We find no reason to interfere with the impugned order dated 28.02.2025 passed by the National Company Law Appellate Tribunal, Chennai. 3. The Civil Appeals are, accordingly, dismissed. 4. However, question of law, if any, is kept open. 5. Pending application(s), if any, stands disposed of.
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