Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard CA (AT) (Ins) No. 1363 of 2026, an appeal filed by Manish Motilal Jaju against the Insolvency and Bankruptcy Board of India (IBBI). The appellant is represented by Senior Advocate Mr. Abhijeet Sinha with Mr. Deep Bisht, Advocate, while the respondent IBBI is represented by Mr. Sahil Monga and Mr. Arjun Tyagi, Advocates.
During the hearing, counsel for IBBI requested an adjournment on the grounds that the senior counsel who would argue the case on behalf of IBBI was not available. In response, the appellant's senior counsel highlighted the urgency of the matter, noting that paragraph 3.3 of the impugned order made its applicability effective after the expiry of 30 days from the date of the order, which would end on August 7, 2026. The appellant therefore requested either an extension of this 30-day period to accommodate the respondent or an expedited hearing date.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned the appeal and listed it for hearing on August 5, 2026. The tribunal specifically directed that the case be listed as the first case on the board and stipulated that on that day, the appeal shall not be adjourned at the behest of the respondent IBBI.
Topics: NCLAT Proceedings, IBBI Regulation, Adjournment Order