# In the matter of Veena Goel Vs. Piyush Colonisers Ltd through RP & Ors. Company Appeal (AT) (Ins.) No. 1141 of 2022 & I.A. No. 3424, 3376 of 2022

> NCLAT judgment dated 2022-09-23. Citation: TCN-2022-NCLAT-00190. The case involves an appeal filed under Section 61 of the Insolvency & Bankruptcy Code, 2016,…

- **Court:** NCLAT
- **Order date:** 23 Sept 2022
- **Citation:** TCN-2022-NCLAT-00190
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/veena-goel-vs-piyush-colonisers-ltd-through-rp-ors-company-appeal-de479c47

## Summary

### Background

The case involves an appeal filed under Section 61 of the Insolvency & Bankruptcy Code, 2016, challenging an order dated 09.05.2022 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi, Principal Bench) in CP (IB)-449 (PB)/2019. The appellant sought condonation for a delay of 11 days in filing the appeal, which was granted. A previous appeal (Company Appeal (AT) (Ins.) No. 723 of 2022) involving similar parties was dismissed on 05.07.2022.

## Facts

Veena Goel filed an appeal against Piyush Colonisers Ltd through RP & Ors. The appeal was filed under Section 61 of the Insolvency & Bankruptcy Code, 2016, challenging the order dated 09.05.2022 in CP (IB)-449 (PB)/2019 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi, Principal Bench). There was a delay of 11 days in filing the appeal, which was condoned. A previous appeal, Company Appeal (AT) (Ins.) No. 723 of 2022, involving Punjab National Bank & Ors. Vs. Piyush Colonisers Ltd., was dismissed on 05.07.2022. The appellant cited the judgement passed in Punjab National Bank & Ors. Vs. Piyush Colonisers Ltd. which permits the Appellant to take recourse of Section 27 and in event, the CoC with requisite majority resolve that

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## Issues and analysis

### Issue 1: Whether the delay of 11 days in …

**Ratio:** Sufficient cause must be shown to justify the

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**Reasoning:** The court found that sufficient cause

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**Interpretation:** The court interpreted the requirement for 'sufficient cause' liberally,

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**Application:** The court applied the principle of condoning delays when sufficient cause is

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## Parties

- **Judges:** M. Satyanarayana…; Barun M…
- **Appellants:** Veena…
- **Respondents:** Piyush Colonisers…

## Timeline

- **2022-05-09 — Order by Adjudicating…**: The Adjudicating Authority (National Company Law Tribunal, New Delhi, Principal Bench)…
- **2022-07-05 — Dismissal of Previous…**: Company Appeal (AT) (Ins.) No. 723 of 2022 in Punjab National Bank & Ors. Vs. Piyush…

## 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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