Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1116 of 2026 along with I.A. No. 4367 of 2026, an appeal filed by Jaypee Sports City Welfare Society against Jaiprakash Associates Ltd. (through Resolution Professional Bhuvan Madan) and other respondents. The matter concerns a delay condonation application (I.A. No. 4367 of 2026) filed by the appellant. Counsel for Respondent No. 1 (Jaiprakash Associates Ltd.) appeared through Mr. Aditya Marwah and other advocates representing the Resolution Professional.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) granted Respondent No. 1 two weeks' time to file a response to the delay condonation application. The appellant was given one additional week to file a rejoinder if desired. Notice was issued to Respondent Nos. 2 & 3, with directions to complete service steps within five days. The matter was adjourned and listed for next hearing on 7 August 2026.
Topics: Insolvency Proceedings, Legal Delay Condonation