Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.08.2026
Case Overview
The order pertains to two connected appeals filed by Jaypee Sports City Welfare Society against Jaiprakash Associates Ltd. (through its Resolution Professional, Bhuvan Madan) and Others. The appeals were registered as Comp. App. (AT) (Ins) No. 1116 of 2026 and Comp. App. (AT) (Ins) No. 1115 of 2026. The principal matter before the tribunal was a procedural application to condone a delay of 8 days in filing these appeals. The appellant provided grounds and an explanation for this delay, which the tribunal found to be sufficient.
Final Outcome
The National Company Law Appellate Tribunal allowed the applications (I.A. No. 4367 of 2026 and I.A. No. 4363 of 2026) and condoned the 8-day delay in filing both appeals. Consequently, the appeals were admitted. The tribunal noted that counsel for all respondents had received notice and were present. The respondents were granted two weeks to file their reply to the appeals, with an advance copy to be provided to the appellant's counsel. The appellant was granted one week thereafter to file a rejoinder. The connected appeals were listed for their next hearing on 02.09.2026.
Topics: Insolvency Litigation, Procedural Hearing