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2025 Supreme(Online)(NCLT) 6851

NATIONAL COMPANY LAW TRIBUNAL
Prompt Steels Private Limited VS


Advocates:
For the Petitioner:Bunny Sehgal

THE NATIONAL COMPANY LAW TRIBUNAL COURT V, NEW DELHI SPECIAL BENCH Under Rule 32 read with rule 11 of National Company Law Tribunal (NCLT) Rules, 2016 IN THE MATTER OF:

Prompt Steels Private Limited Registered Office at: B- 3/7, 1st Floor, Yamuna Vihar, Delhi, 110053.

…Transferor Company/Applicant Company-1 AND Fancy Multitrade Private Limited Registered office at: B- 3/7, 1st Floor, Yamuna Vihar, Delhi, 110053.

…Transferor Company/Applicant Company-2 AND Prompt Enterprises Private Limited Registered office at: B- 3/7, 1st Floor, Yamuna Vihar, Delhi, 110053.

…Transferee Company/Applicant Company-3 Order Pronounced on: 27.03.2025 CORAM:

SHRI MAHENDRA KHANDELWAL, HON’BLE MEMBER (JUDICIAL)

MS. ANU JAGMOHAN SINGH, HON’BLE MEMBER (TECHNICAL)

APPEARANCES:

For the Applicant: Ms. Visakha Raghuram, Adv.

ORDER

PER: MAHENDRA KHANDELWAL, MEMBER (JUDICIAL)

1. This application has been filed under Rule 32 read with Rule 11 of the NCLT Rules, 2016 seeking condonation of delay in filing the second motion petition before this Tribunal on behalf of the Applicant companies.

2. The applicant in the present application has prayed for the following reliefs: -

a) Pass an order condoning the delay of 446 days in fili

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