Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has admitted Comp. App. (AT) (Ins) No. 920 of 2026 along with an interlocutory application (I.A. No. 3654 of 2026). The appeal has been filed by appellants Rachna Mehra & Anr. against respondents Bhuvan Madan (Resolution Professional of Jaiprakash Associates Ltd.) & Anr. The matter pertains to the corporate insolvency resolution process of Jaiprakash Associates Ltd. The tribunal, in its procedural order, issued notice specifically on the delay condonation application filed by the appellants.
Final Outcome
The NCLAT granted the respondents two weeks' time to file their reply to the appeal and applications. The matter has been listed for the next hearing on July 23, 2026. The final outcome of the appeal is pending and subject to further proceedings.
Topics: NCLAT, Corporate Insolvency, Legal Appeal