Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 27, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an interlocutory application (I.A. No. 7291 of 2026) filed in the main appeal CA (AT) (Ins) No. 1817 of 2026. The application was moved by Akshit Jain, former Director of JDJ Alloys Pvt. Ltd., who is the appellant in the matter. The respondents are Anil Kumar Pal, the Interim Resolution Professional (IRP) of Attero Recycling Pvt. Ltd., and another respondent. The application sought to prepone the hearing date of November 6, 2026, which had been fixed for the appeal.
The Tribunal noted that the application had remained pending for a considerable period because the parties were engaged in deliberations regarding the terms and conditions of a potential settlement. This prolonged period of settlement discussions rendered the application infructuous, as the original purpose of preponing the date was no longer relevant given the passage of time spent on settlement talks.
Final Outcome
The NCLAT dismissed the application as infructuous. The main appeal will proceed as originally scheduled and is listed for hearing on November 6, 2026.
Topics: Insolvency Proceedings, Legal Settlement, NCLAT