This is a civil appeal against the order dated 14.12.2022 passed by the National Company Law Appellate Tribunal (NCLAT), which allowed an interlocutory application filed by Respondent No. 1 seeking condonation of delay in filing an appeal. The appellant, Tata Steel Ltd., is the successful resolution applicant for Rohit Ferro-Tech Limited (Corporate Debtor). Respondent No. 1, Raj Kumar Banerjee, is an erstwhile minority shareholder of the Corporate Debtor. The NCLT had approved the appellant's resolution plan on 07.04.2022. Respondent No. 1 filed an appeal against this order, along with an application for condonation of delay. The NCLAT condoned the delay, leading to the present appeal by Tata Steel Ltd.
1. The appellant, Tata Steel Ltd., is the successful resolution applicant for Rohit Ferro-Tech Limited (Corporate Debtor).
2. Respondent No. 1, Raj Kumar Banerjee, is an erstwhile minority shareholder of the Corporate Debtor.
3. The NCLT approved the appellant's resolution plan on 07.04.2022.
4. Respondent No. 1 filed an appeal against the NCLT's order, along with an application for condonation of delay.
5. The NCLAT condoned the delay, leading to the present appeal by Tata Steel Ltd.
6. The appellant argues that the appeal was filed beyond the statutorily permissible period.
7. The respondent contends that the delay was justified due to a lack of timely disclosure of the resolution plan approval.
8. The intimation of the approval was given to the listing departments of the
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NCLT approved the resolution plan submitted…
Intimation of the…
This is a civil appeal against the order dated 14.12.2022 passed by the National Company Law Appellate Tribunal (NCLAT), which allowed an interlocutory application filed by Respondent No. 1 seeking condonation of delay in filing an appeal. The appellant, Tata Steel Ltd., is the successful resolution applicant for Rohit Ferro-Tech Limited (Corporate Debtor). Respondent No. 1, Raj Kumar Banerjee, is an erstwhile minority shareholder of the Corporate Debtor. The NCLT had approved the appellant's resolution plan on 07.04.2022. Respondent No. 1 filed an appeal against this order, along with an application for condonation of delay. The NCLAT condoned the delay, leading to the present appeal by Tata Steel Ltd.
1. The appellant, Tata Steel Ltd., is the successful resolution applicant for Rohit Ferro-Tech Limited (Corporate Debtor).
2. Respondent No. 1, Raj Kumar Banerjee, is an erstwhile minority shareholder of the Corporate Debtor.
3. The NCLT approved the appellant's resolution plan on 07.04.2022.
4. Respondent No. 1 filed an appeal against the NCLT's order, along with an application for condonation of delay.
5. The NCLAT condoned the delay, leading to the present appeal by Tata Steel Ltd.
6. The appellant argues that the appeal was filed beyond the statutorily permissible period.
7. The respondent contends that the delay was justified due to a lack of timely disclosure of the resolution plan approval.
8. The intimation of the approval was given to the listing departments of the
NCLT approved the resolution plan submitted…
Intimation of the…