Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 16, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 327 of 2026 between appellants Narender Kumar Payal & Anr. and respondents Jalesh Kumar Grover (Monitoring Professional for Ireo Fiveriver Pvt. Ltd.) & Anr. The appeal relates to insolvency proceedings concerning real estate developer Ireo Fiveriver Pvt. Ltd., with Jalesh Kumar Grover serving as the Monitoring Professional appointed in the case.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) adjourned the hearing due to time constraints. The appeal has been listed for next hearing on December 21, 2026. No substantive matters were addressed in this procedural order.
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