Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals: Comp. App. (AT) (Ins) No. 1116 of 2026 (with I.A. No. 4367 of 2026) and Comp. App. (AT) (Ins) No. 1115 of 2026 (with I.A. No. 4363 of 2026). Both appeals were filed by Jaypee Sports City Welfare Society (Appellant) against Jaiprakash Associates Ltd. (through Resolution Professional Bhuvan Madan) & Others (Respondents). The appeals arose from matters related to the Corporate Insolvency Resolution Process (CIRP) of Jaiprakash Associates Ltd. The Appellant had filed applications seeking condonation of an 8-day delay in preferring both appeals.
The Tribunal noted that the parties had arrived at a consensus to connect both appeals. After considering the grounds and explanations provided in the delay condonation applications (I.A. No. 4367 of 2026 and I.A. No. 4363 of 2026), the Bench was satisfied that the 8-day delay had been sufficiently explained. Consequently, both applications for condonation of delay were allowed.
Final Outcome
The NCLAT condoned the 8-day delay in filing both appeals, thereby admitting the appeals for hearing. The Tribunal granted the Respondents two weeks to file their replies, with an advance copy to be provided to the Appellant's counsel. The Appellant was granted one week thereafter to file a rejoinder, if desired. The matters were listed for further hearing on September 2, 2026, within the first ten cases of the cause list.
Topics: Insolvency Proceedings, Real Estate Disputes