Legal Analysis: Thrani Industries Ltd. v. KNK Ship Management

Citation: 2026 INSC 624

Court: Supreme Court of India

Bench: A Division Bench comprising Justice Dipankar Datta & Justice Satish Chandra Sharma

Date of Decision: May 25, 2026

Nature of Judgment: Civil Appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016, arising out of D.No.61278/2025 against the judgment of the National Company Law Appellate Tribunal, Principal Bench at New Delhi dated 11th September 2025.

Synopsis of the Judgment

The appellant filed an appeal under Section 62 of the IBC within the limitation period, but the appeal was marked defective by the Registry. The appellant failed to cure the defects within the prescribed time and sought condonation of a re‑filing delay of 166 days. The explanation offered was “non‑availability of typed pages” and that the authorised representative of the company was undergoing treatment, rendering him unable to coordinate with counsel for several weeks. The Supreme Court held that no cause, much less sufficient cause, was shown for the delay. The application for condonation of re‑filing delay was dismissed, and consequently, the appeal was also dismissed.

1. Basic Information of the Judgment

Case Title: Thrani Industries Ltd. v. KNK Ship Management

Citation: 2026 INSC 624

Civil Appeal No.: Arising out of D.No.61278/2025

Bench: Justice Dipankar Datta & Justice Satish Chandra Sharma

Date of Decision: May 25, 2026

Court: Supreme Court of India (Civil Appellate Jurisdiction)

Impugned Order: Judgment and order dated 11th September 2025 of the National Company Law Appellate Tribunal, Principal Bench at New Delhi in Comp. App. (AT) (Ins) No.2149 of 2024.

2. Legal Framework

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