# In the matter of V-Con Integrated Solutions Pvt. Ltd. vs. Shreeram Technology Services Pvt. Ltd.

> NCLAT judgment dated 2026-04-08. Citation: TCN-2026-NCLAT-00070. V-Con Integrated Solutions Pvt. Ltd. filed an appeal challenging the order dated 11.12.2024…

- **Court:** NCLAT
- **Order date:** 8 Apr 2026
- **Citation:** TCN-2026-NCLAT-00070
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/v-con-integrated-solutions-pvt-ltd-vs-shreeram-technology-services-pvt-ltd-780f8051

## Summary

### Background

V-Con Integrated Solutions Pvt. Ltd. filed an appeal challenging the order dated 11.12.2024 passed by the National Company Law Tribunal (NCLT), Indore Bench, which rejected the Appellant's application for restoration of a company petition dismissed for non-prosecution.

## Facts

The main Company Petition (MP) CP (IB) No. 1 of 2020 was dismissed for non-prosecution by the NCLT on 25.03.2022 due to the non-appearance of counsel.

The Appellant claimed they were unaware of the dismissal until 28.07.2022 while preparing a status report of pending cases.

The Appellant filed a Restoration Application on 13.08.2022, seeking restoration of the main petition.

The NCLT rejected the Restoration Application, leading to the current appeal.

The Respondent argued that the delay in filing the Restoration Application exceeded the prescribed timeline of 30 days and that the reason provided by the Appellant (negligence of counsel) was not a cogent reason for restoration.

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## Issues and analysis

### Issue 1: Whether the NCLT was justified in rejecting the Appellant's application for restoration of the …

**Ratio:** The NCLAT found that the Appellant failed to provide sufficient cause for the delay in

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**Reasoning:** The Appellant's lack of vigilance and the absence of a formal delay condonation

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**Interpretation:** The NCLAT interpreted the relevant rules and precedents to require sufficient

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**Application:** The NCLAT applied the principles of strict construction of limitation and

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## Parties

- **Judges:** Arun Ba…; N. Sesha…; +1 more
- **Appellants:** V-Con Integrated…
- **Respondents:** M/s Shreeram…
- **Advocates:** Yashvar…; Devesh…; +3 more

## Timeline

- **2020 — Filing of Company…**: Company Petition (MP) CP…
- **2022-03-25 — Dismissal of Company…**: The Company Petition was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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