Case Details
Case Name: Jyoti Subba vs. Indian Renewable Energy Development Agency Ltd. & Anr.
Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
Case Number: Company Appeal (AT) (Insolvency) No. 697 of 2026
Order Date: 25 May 2026
Appeal Against: Order dated 06.04.2026 in IA No. 1258 of 2026 in Company Petition (IB) No. 640(ND)/2024
Parties Involved
Appellant: Jyoti Subba, described as an Ex-Director of the Suspended Management of Siri Ram Syal Hydra Power Private Limited
Respondents:
- Indian Renewable Energy Development Agency Ltd. (R-1)
- An unnamed second respondent, represented by advocates for the Resolution Professional (RP) and SRA
Legal Representatives:
- For Appellant: Mr. Akshat Gogna, Advocate
- For R-1: Mr. Nishant Awana, Mr. Suraj Kundu, Advocates
- For RP: Mr. Abhishek Anand, Mr. Karan Kohli, Ms. Palak Kalra, Advocates
- For SRA: Ms. Divya Singh Pundir, Mr. Devesh Dubey, Mr. Devesh Khara, Mr. Abhinav Kalia, Advocates
Issues / Allegations / Violations
The appeal was filed against an order dated 06.04.2026 which had rejected IA No. 1258 of 2026. The nature of the application (IA) and the specific allegations or violations were not detailed in the provided text.
Final Ruling & Enforcement
The NCLAT dismissed the appeal as infructuous. The basis for this decision was that subsequent to the order being appealed (06.04.2026), a Resolution Plan for Siri Ram Syal Hydra Power Private Limited was approved on 22.04.2026 and had been implemented. The tribunal stated that it would be open for the Appellant (Jyoti Subba) to pursue other legal remedies against the plan approval order itself.
Tribunal Members: Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical))