Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13th August, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical), heard Interim Application No. 5521 of 2026 within Company Appeal (AT) (Insolvency) No. 707 of 2026. The application was filed by Snigdha Parakh & Anr. (Applicants) against Bhuvan Madan (Resolution Professional of Jaiprakash Associates Ltd.) as Respondent-1 and another unnamed respondent (Respondent-2). The proceedings were conducted in hybrid mode with legal representation from both sides: Dr. Farukh Khan, Mr. Dinkar Tiwari, and Ms. Talut Chaudhary represented Respondent-1, while Mr. Sandeep Singhi, Ms. Seema, and Mr. Ritu Raj Srivastava represented Respondent-2.
Final Outcome
The bench adjourned the matter and listed the application for further hearing on 19th August, 2026. No substantive decisions or rulings on the merits of the case were made in this order.
Topics: Insolvency Proceedings, Corporate Litigation, NCLAT