Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) is hearing two connected appeals: Comp. App. (AT) (Ins) No. 461 of 2026 with I.A. No. 1733 of 2026, and Comp. App. (AT) (Ins) No. 462 of 2026 with I.A. No. 1732 of 2026. The appellants are Tejbir Singh Bawa & Anr. (in the first appeal) and Savinder Singh Bawa & Anr. (in the second appeal). The respondent in both appeals is Pramod Kumar Sharma in his capacity as the Resolution Professional for International Recreation and Amusement Ltd. The appeals appear to challenge actions or decisions related to the corporate insolvency resolution process of International Recreation and Amusement Ltd.
The matter was heard in hybrid mode by a three-member bench consisting of Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical). The appellants were represented by Senior Advocate Mr. Sanjeev Sagar with advocates Mr. K. Pandit and Javin Dhame. The respondents were represented by advocates Mr. Abhishek Anand, Palak Kalra, and Karan Kohli.
The core procedural issue before the tribunal was the respondent's failure to file a response to an additional affidavit submitted by the appellants. The tribunal noted that this response had not been filed despite previous opportunities.
Final Outcome
The NCLAT granted a final opportunity of one week to the respondent to file the response to the additional affidavit. The appeals have been listed for next hearing on October 6, 2026. The order represents an interim procedural direction rather than a final determination of the substantive issues in the appeals.
Topics: Insolvency Appeals, NCLAT Procedure, Corporate Resolution Process