National Company Law Appellate Tribunal

JM Financial Asset Reconstruction Company Limited VS Shri Vikram Bajaj IRP OF NAYATI HEALTHCARE AND RESEARCH PVT LTD on 26 October 2026

THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI Interlocutory Application No.7552/2026 Un-numbered Company Appeal (AT) (Ins.) No.___/2026 (F.No.21.08.2026/NCLAT/UR/08887) In the matter of: JM Financial Asset Reconstruction Company Ltd. (Acting in its Capacity as Trustee of Aranya – Trust)

.…. Appellant Vs. Vikram Bajaj, Resolution Professional

.….Respondent Appearance: Shalini Singh, Advocate for the Appellant. 26 th October, 2026

(Hybrid Mode) This is an application to extend the time granted for curing the defects. The facts giving rise to present IA (re-filing) are that the Appellant e-filed the Memo of Appeal on 08.08.2026. The Office after scrutiny of the Memo of Appeal on 21.08.2026, intimated the defects to the Appellant on the same day. The Appellant re-filed the Appeal on 05.10.2026. It is stated in the IA that though the Appeal was refiled, but the Registry raised the defects multiple times. The delay of 38 days in refiling the Memo of Appeal is neither intentional nor deliberate and has been caused due to unavoidable and genuine circumstances beyond the control of the Appellant, so the same may be condoned. Heard Ld. Counsel appearing for the Appellant and perused the averments made in the IA as well as Office report. The Appellant was required to re-file the Memo of Appeal within seven days from the date of intimation of the defects. However, the Appellant re-filed the Memo of Appeal with a delay of 38 days, hence, the case be placed before the Hon’ble Bench with defect for appropriate orders. List the case before the Hon’ble Bench under the heading ‘for admission with defect (fresh case)’. (Raj Kumar) Registrar

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