Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 9, 2026
Case Overview
This is an interim application (I.A. No. 1463, 1573 of 2025) in the main company appeal (Comp. App. (AT) (Ins) No. 676 of 2022). The appellant is Ajay Singal, and the respondents include Gaurav Katiyar, the Interim Resolution Professional (IRP) of GRJ Distributers and Developers Pvt. Ltd., among others. The proceedings relate to the corporate insolvency resolution process of GRJ Distributers and Developers Pvt. Ltd.
During the hearing, counsel for the IRP informed the tribunal that a meeting of all stakeholders had been conducted in compliance with the tribunal's previous order dated April 8, 2026. In these meetings, three specific agendas were discussed, and formal voting on these agendas had been completed. The IRP sought permission to formally submit the records of these proceedings to the tribunal.
The tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), permitted the IRP to submit the documentation. The tribunal specifically directed the IRP to file the proceedings, minutes of the meetings held on May 4, 2026, May 14, 2026, and May 19, 2026, along with the results of the voting that took place. A deadline of one week was given for this submission.
Final Outcome
The tribunal adjourned the matter and listed it for the next hearing on July 24, 2026. The final outcome of the appeal is pending and contingent upon the review of the submitted meeting minutes and voting results.
Topics: Insolvency Proceeding, Tribunal Hearing