Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard procedural matters in Comp. App. (AT) (Ins) No. 1170 of 2026 along with I.A. No. 4466 and 4566 of 2026. The appellant is Jaypee Infratech Ltd., and the respondents include Bhuvan Madan in his capacity as Resolution Professional/Chairman of Monitoring Committee of Jaiprakash Associates Ltd. The matter before the tribunal concerned a delay condonation application.
Final Outcome
The NCLAT granted the respondents two weeks to file their response to the delay condonation application, with an advance copy to be provided to the appellant's counsel. The appellant was granted permission to file a rejoinder within one week after receiving the responses. The matter was adjourned and listed for next hearing on 07.08.2026.
Topics: Insolvency Proceedings, Legal Adjournment