Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
This order pertains to two interconnected insolvency appeals (Comp. App. (AT) (Ins) No. 461 of 2026 and Comp. App. (AT) (Ins) No. 462 of 2026) along with their respective interlocutory applications (I.A. No. 1733 of 2026 and I.A. No. 1732 of 2026). The appellants in the first appeal are Tejbir Singh Bawa and another party, while the appellants in the second appeal are Savinder Singh Bawa and another party. Both sets of appellants are represented by Senior Advocate Mr. Sanjeev Sagar along with Advocates Mr. K. Pandit and Javin Dhame. The respondent in both appeals is Mr. Pramod Kumar Sharma in his capacity as the Resolution Professional for International Recreation and Amusement Ltd., represented by Advocates Mr. Abhishek Anand, Palak Kalra, and Karan Kohli. The proceedings were conducted in hybrid mode. The tribunal noted that the respondent had not yet filed a response to an additional affidavit submitted in these matters.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra (Technical) and Ajai Das Mehrotra (Technical), granted a final opportunity to the respondent Resolution Professional. The respondent is directed to file the response to the additional affidavit within one week from the order date. The tribunal listed both appeals for their next hearing on October 6, 2026.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Procedure