2026 (4) TMI 232

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....(4) TMI 232 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, CHENNAI - TMI<br>NATIONAL COMPANY LAW APPELLATE TRIBUNAL, CHENNAI - AT<br>Dated:- 10-3-2026<br>Company Appeal (AT) (CH) No. 32/2026 (IA No. 391/2026) - -<br>Corporate Laws<br>JUSTICE SHARAD KUMAR SHARMA MEMBER (JUDICIAL) AND JATINDRANATH SWAIN MEMBER (TECHNICAL) For the Appellant : Mr. Rajeev Prakash & Mr. Jerin Asher Sojan, Advocates Fo....

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....nch, was that the Petitioner/Appellant has been saddled with a cost of Rs. 2 lakhs, exclusively on account of certain unintentional dereliction on part of the Counsel, in taking up the proceedings, in the manner in which it was expected by the Learned Tribunal, to have been conducted by the representative of the Petitioner/Appellant, before the Learned NCLT. 3. The reason which has been assigne....

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...., in the manner it was expected by the Learned Tribunal, by pressing upon the earlier pending applications and then only ought to have proceeded to argue the Company Petition itself on its merit. It is because of the professional imperfection on part of the Counsel, the Learned Tribunal has imposed a cost of Rs. 2 lakhs on the Petitioner/Appellant. 4. If we scrutinise the impugned order, nothin....

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....igant should not be made to suffer on account of the Appellant Counsel's mistake, the impugned order would stand quashed, so far it relates to the imposition of cost on the Appellant. 6. During the course of hearing of the Company Appeal, the Learned Counsel for the Appellant submits that, as a consequence of the order passed by the Learned Tribunal on 17.02.2026, the matter was directed to be ....