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SUPREME COURT OF INDIA
K.V. VISWANATHAN, NONGMEIKAPAM KOTISWAR SINGH, JJ.
Nazru S. Basheer – Appellant
Versus
Pancard Clubs Ltd. (Through Its Successful Resolution Applicant, Chemhub Tradelink Pvt. Ltd.) & Anr. – Respondents
Civil Appeal No. 7441 of 2025
Decided On : 23-06-2025
| Table of Content |
|---|
| 1. no interference with tribunal's order (Para 1 , 5 , 6) |
| 2. granting time for property handover (Para 2 , 3 , 4) |
ORDER :
1. We are not inclined to interfere with the impugned order dated 30.05.2025 passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi, in Company Appeal (AT) (Insolvency) No. 798 of 2025.
2. At this stage, Mr. Asav Rajan, learned counsel appearing for the appellant states that he needs a week’s time to handover the property to the successful resolution applicant, i.e. the respondent no.1 herein.
3. Mr. Navin Pahwa, learned senior counsel appearing for the respondents has no objection if one week’s time, as prayed, is granted.
4. A week’s time is granted to the appellant to comply with the order of the adjudicating authority, as affirmed by the National Company Law Appellate Tribunal.
5. With the above observations, the appeal is disposed of.
6. Pending application(s), if any, shall stand disposed of.
The court upheld the National Company Law Appellate Tribunal's order, emphasizing non-interference unless a substantial legal error or injustice is evident.
The Supreme Court will not interfere with concurrent findings of the NCLT and NCLAT where no patent error or substantial question of law exists.
The court affirmed that compliance with a Tribunal's order is required in the absence of a stay, emphasizing the need for interim relief to be clearly established before seeking protection during an ....
The Supreme Court condoned the delay in filing an appeal and urged the NCLAT to expedite the hearing without interfering with the interlocutory order.
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