Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: August 18, 2026
Case Overview
This is an interim order in Comp. App. (AT) (Ins) No. 1170 of 2026 and connected interlocutory applications (I.A. No. 4466 and 4566 of 2026). The appellant is Jaypee Infratech Ltd. The respondents are Bhuvan Madan & Anr., who is identified as the Resolution Professional/Chairman of the Monitoring Committee of Jaiprakash Associates Ltd. The matter concerns an appeal filed by Jaypee Infratech Ltd., for which there has been a delay in both filing and refiling. During the hearing, counsel for the appellant advanced oral submissions requesting condonation of this delay.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), granted the appellant an opportunity to file additional affidavits in support of their oral submissions for condoning the delay. The appellant is given 7 days from August 18, 2026, to file these affidavits and must provide an advance copy to the respondents' counsel. The respondents are granted 3 days thereafter to file their response, should they wish to do so. The matter has been adjourned and is next listed for hearing on September 15, 2026.
Topics: NCLAT, Insolvency Appeal, Procedural Order