National Company Law Appellate Tribunal Dismisses Appeal with Liberty to Challenge Future Order. The appellant withdrew the appeal but retained the right to contest a subsequent order, ensuring compliance with procedural requirements.

Tribunals: National Company Law Appellate Tribunal Bench: New Delhi
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Case Note & Summary

The dispute arose in the context of an appeal filed by the appellant against an order of the Tribunal regarding a waiver application. The appellant sought to challenge the order dated 02.09.2026, which marked the matter as 'part heard' and deferred the hearing on another application for interim relief to 25.11.2026. During the proceedings, the appellant expressed concerns about the limitation period due to the non-uploading of the order dated 23.09.2026, which was subsequently reserved by the Tribunal. The appellant's counsel decided to withdraw the appeal but requested the liberty to file a new appeal against the order of 23.09.2026. The Tribunal acknowledged this request, allowing the appellant to challenge the future order while directing the Registry to ensure the timely uploading of the order to avoid any limitation issues. The Tribunal's decision emphasized the procedural rights of the appellant and the necessity for compliance with the Tribunal's directives.

Headnote

A) Company Law - Appeal Withdrawal - Right to Challenge Future Orders - Companies Act, 2013 - The appellant withdrew the appeal but reserved the right to challenge a subsequent order, ensuring compliance with legal provisions. The Tribunal acknowledged the appellant's right to contest the future order independently, emphasizing the importance of procedural adherence (Paras 5-6).

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Issue of Consideration

Whether the appellant can challenge the order dated 23.09.2026 after withdrawing the current appeal.

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Final Decision

The Tribunal allowed the appellant to withdraw the appeal while reserving the right to challenge the order dated 23.09.2026. The Registry was directed to ensure the order was uploaded within three days.

Law Points

  • Waiver application
  • Interim relief
  • Appeal withdrawal
  • Limitation period
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Case Details

2026 LawText (NCLAT) (09) 142

Comp. App. (AT) No. 361 of 2026

2026-09-25

Justice Sharad Kumar Sharma, Arun Baroka

Mr. Gaurav Mitra, Mr. Abhirup Das Gupta, Ms. Srishti Juneja, Ms. Tejaswi Bhanu, Ms. Vagisha Tiwari, Ms. Surbhi Sachdeva, Mr. J.P. Sen, Mr. Nakul Mohta, Mr. Hitesh Nagar, Mr. Rohit K. Debnath, Mr. Sunil Fernandes, Ms. Karishma Rao, Adv. Rashna Dastur, Mr. Punit Jain, Ms. Geetika Sharma, Ms. Pramita Mishra

Sudhir K. Thackersey

Capricon Realty Private Limited & Ors.

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Nature of Litigation

Appeal against a Tribunal order regarding a waiver application.

Remedy Sought

The appellant sought to challenge the order dated 02.09.2026.

Filing Reason

The appeal was filed to contest the Tribunal's decision on the waiver application.

Previous Decisions

The Tribunal had reserved an order on the waiver application on 23.09.2026.

Issues

Whether the appellant can challenge the order dated 23.09.2026 after withdrawing the current appeal.

Submissions/Arguments

The appellant's counsel withdrew the appeal but reserved the right to challenge the order of 23.09.2026. Concerns were raised regarding the limitation period due to the non-uploading of the order.

Ratio Decidendi

The appellant retains the right to challenge subsequent orders even after withdrawal of the current appeal, emphasizing procedural rights and compliance.

Judgment Excerpts

The Ld. Tribunal has only proceeded to mark the matter as ‘part heard’ The Appellant could exercise its right qua the question involved pertaining to the waiver We don’t have any reservations to observe that it would always be open for the Appellant to put the challenge to the order of 23.09.2026.

Procedural History

The appeal was filed against the Tribunal's order dated 02.09.2026, which marked the matter as 'part heard'. Subsequent orders were reserved and deferred, leading to the appellant's withdrawal of the appeal.

Acts & Sections

  • Companies Act, 2013:
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