# In the matter of UV Asset Reconstruction Company Limited & Anr. vs. Aircel Limited

> SC judgment dated 2024-07-10. Citation: TCN-2024-SC-00060. The case involves a civil appeal against a final judgment and order dated 2024-03-01 passed by the…

- **Court:** SC
- **Order date:** 10 Jul 2024
- **Citation:** TCN-2024-SC-00060
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/uv-asset-reconstruction-company-limited-anr-vs-aircel-limited-0ce915c3

## Summary

### Background

The case involves a civil appeal against a final judgment and order dated 2024-03-01 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT)(Insolvency) Nos. 333/2024 and 334/2024. The appellant, UV Asset Reconstruction Company Limited & Anr, sought relief against the respondent, Aircel Limited.

## Facts

UV Asset Reconstruction Company Limited & Anr filed a civil appeal against Aircel Limited. The appeal arose from a final judgment and order dated 2024-03-01 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT)(Insolvency) Nos. 333/2024 and 334/2024. There was a delay in refiling the appeals. The Supreme Court considered the appeal along with applications for exemption from filing a certified copy of the impugned judgment and condonation of delay in refiling. The relevance of the facts lies in the Supreme Court's decision to condone the delay but ultimately dismiss the appeals, indicating agreement with the NCLAT's order.

## Issues and analysis

### Issue 1: Whether the delay in refiling …

**Ratio:** The court has the discretion to condone delays in filing or refiling appeals if

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**Reasoning:** The court explicitly stated that the delay

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**Interpretation:** This indicates the court found sufficient reason to excuse the delay, possibly

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**Application:** The court applied its discretion to condone the delay, allowing the appeal to

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## Parties

- **Judges:** Dr Dhananjaya Y…; J.B. PARD…; +1 more
- **Appellants:** UV Asset Reconstru…
- **Respondents:** Aircel Li…
- **Other parties:** Over Tu…

## Timeline

- **2024-03-01 — NCLAT Or…**: National Company Law Appellate Tribunal passed a final judgment and order in Company…
- **2024-07-10 — Supreme Court…**: The Supreme Court heard the civil appeals and condoned the delay in refiling the appeals.…

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