Case Note & Summary
The appeal was filed by Narasimha Varaprasad Anala against the Registrar of Companies, Telangana, seeking an extension of time for payment of costs amounting to ₹ 12 lakhs and submission of annual returns as directed by the National Company Law Tribunal (NCLT) on 24.10.2024. The appellant claimed he was unable to mobilize the required funds and had previously sought an extension through IA No. 269/2025, which was granted on 31.10.2025, allowing him 30 days from 24.10.2025 to comply. However, the appellant defaulted again and subsequently filed IA No. 134/2026 for another extension, which was dismissed by the NCLT due to lack of patience with repeated defaults. The appellant then approached the National Company Law Appellate Tribunal (NCLAT) for relief. The NCLAT, acknowledging the circumstances, granted a further extension of two weeks for compliance but imposed a condition of paying ₹ 1 lakh to the Adyar Cancer Institute as a cost. The appeal was disposed of with a directive to report compliance by 17.09.2026.
Headnote
A) Company Law - Extension of Time - Compliance with NCLT Orders - Company Appeal (AT) (CH) No. 95/2026 - Appellant sought extension for payment of costs and submission of annual returns as directed by NCLT. The Tribunal granted a further extension of two weeks for compliance, subject to a cost payment to the Adyar Cancer Institute. Held that the appellant was given a final opportunity to comply with the order (Paras 1-3).
Issue of Consideration
Whether the appellant is entitled to an extension of time for payment of costs and submission of annual returns.
Final Decision
The NCLAT granted the appellant two weeks' time to comply with the NCLT's order, subject to the payment of ₹ 1 lakh to the Adyar Cancer Institute.
Law Points
- Extension of time
- compliance with NCLT orders
- costs payment
