Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 16 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 761 of 2026. The appellant is Jaypee Infratech Ltd. The respondents include Bhuvan Madan in his capacity as the Resolution Professional for Jaiprakash Associates Ltd., along with other parties. The matter was heard in hybrid mode. Multiple advocates represented both sides: Mr. Rohan Talwar, Mr. Sagar Bansal, Ms. Preksha Diwakar, Ms. Aakanksha, and Mr. Vaibhav S. Dash appeared for the appellant. For the respondents, Mr. Anoop Rawat, Mr. Sagar Dhawan, Mr. Vaijayant Paliwal, Mr. Aditya Marwah, Mr. Nikhil Mathur, Ms. Kirti Gupta, Ms. Diksha Sharma, and Ms. Divya Venugopalan represented Respondent 1 (Bhuvan Madan, RP for Jaiprakash Associates Ltd.), while Mr. Sandeep Singi, Ms. Seema Sundd, and Mr. Ritu Raj represented Respondent 3.
The three-member bench comprised Officiating Chairperson Justice Yogesh Khanna, along with Member (Technical) Barun Mitra and Member (Technical) Ajai Das Mehrotra.
Final Outcome
The bench did not hear the substantive matters of the appeal and issued a procedural order to adjourn the hearing. The appeal was listed for the next hearing on 28 October 2026. The order was signed by all three members of the bench.
Topics: Insolvency Proceeding, Legal Adjournment