Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Akshit Jain, the former director of JDJ Alloys Pvt. Ltd., against Anil Kumar Pal, the Interim Resolution Professional (IRP) of Attero Recycling Pvt. Ltd., and another respondent. The appeal was registered as CA (AT) (Ins) No. 1817 of 2026. During the proceedings, counsel for the appellant informed the tribunal that the parties were on the verge of arriving at a settlement.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical), adjourned the appeal hearing. The matter is now scheduled to be listed again on 27 October 2026 under the same caption to allow the settlement process to conclude.
Topics: Legal Proceedings, Insolvency, Settlement