Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 06.10.2026
Case Overview
This order pertains to two connected Company Appeals (AT) (Insolvency) No. 461 of 2026 and No. 462 of 2026, along with their respective Interlocutory Applications (I.A. No. 1733 of 2026 and I.A. No. 1732 of 2026). The Appellants in the first appeal are Tejbir Singh Bawa & Anr., and in the second appeal are Savinder Singh Bawa & Anr. The Respondent in both appeals is Pramod Kumar Sharma, the Resolution Professional for the Corporate Debtor, International Recreation and Amusement Ltd. The nature of the dispute or the grounds for the appeals are not detailed in this procedural order. The matter was heard in hybrid mode.
Final Outcome
The Tribunal noted that an Additional Affidavit had been filed by the Respondent (the Resolution Professional). Learned Counsel for the Appellants expressed an intention to file a rejoinder to this affidavit. The Tribunal granted permission for this, allowing a period of three weeks from the order date (06.10.2026) for the rejoinder to be filed. Consequently, both appeals were adjourned and listed for their next hearing on 17.11.2026. The order was passed by a bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member (Technical)), and Ajai Das Mehrotra (Member (Technical)).
Topics: Insolvency Appeal, NCLAT Proceeding