Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 16 October 2026
Case Overview
This is an order in an interlocutory application (I.A. No. 7291 of 2026) filed within a main Company Appeal (AT) (Ins) No. 1817 of 2026. The appellant is Akshit Jain, described as an ex-director of JDJ Alloys Pvt. Ltd. The respondents are Anil Kumar Pal, the Interim Resolution Professional (IRP) of Attero Recycling Pvt. Ltd., and another unnamed respondent. The nature of the underlying appeal relates to the insolvency proceedings of Attero Recycling Pvt. Ltd. During the hearing, counsel for the appellant, Mr. Ishan Roy, made a request to the bench, which comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Arun Baroka (Member-Technical). The request was based on the fact that the parties involved in the dispute are nearing a potential settlement agreement.
Final Outcome
The NCLAT bench granted the request and adjourned the hearing of the appeal. The matter has been rescheduled to be listed next on 27 October 2026 under the same caption. The order does not conclude the appeal but pauses the proceedings to allow the parties to finalize their settlement.
Topics: Insolvency, Legal Settlement, NCLAT