Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three connected appeals (Comp. App. (AT) (Ins) No. 1340 of 2026, 1355 of 2026, and 1356 of 2026) filed by appellants Amitabh Jain, Ashit Jain, and Lokmani Jain against Tata Capital Ltd. and another respondent. The appeals concern insolvency proceedings involving Tata Capital Ltd. as the financial creditor. The Resolution Professional (RP) requested additional time to file their reply to the appeals.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) granted the Resolution Professional ten days to file their reply. Counsel for the appellants explicitly waived the right to file any rejoinder to the RP's reply. The matter has been adjourned and listed for final hearing on September 28, 2026, where it will be heard among the top ten cases of the cause list.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Debt