Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 23.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 920 of 2026 along with an interlocutory application I.A. No.3654 of 2026. The appellants are Rachna Mehra & Anr., while the respondents are Bhuvan Madan (Resolution Professional of Jaiprakash Associates Ltd.) and another party. The specific application I.A. No.3654 of 2026 sought condonation of a 13-day delay in filing the main appeal. Respondent No. 2 had filed a reply to this application, but Respondent No. 1 (the Resolution Professional) had not filed any reply at the time of this order.
Final Outcome
The Tribunal directed Respondent No. 1 to file their reply to the delay condonation application within two weeks from the order date (23.07.2026). Subsequently, the appellants were given two weeks after that to file a rejoinder. The appeal was adjourned and listed for next hearing on 10th September 2026. The bench comprised Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Topics: Insolvency Appeal, Procedural Hearing, Delay Condonation