Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in an interlocutory application (I.A. No. 3654 of 2026) filed within a main appeal (Comp. App. (AT) (Ins) No. 920 of 2026). The appellants are Rachna Mehra and Another. The respondents are Bhuvan Madan, the Resolution Professional of Jaiprakash Associates Ltd., and Another. The specific application before the tribunal is for condonation of delay in filing the appeal. The tribunal heard advocates for both parties, with Sonal Sarda representing the appellants and Sandeep Singh representing the respondents.
Final Outcome
The NCLAT bench, chaired by Justice Ashok Bhushan with Member (Technical) Barun Mitra, issued a notice on the delay condonation application (I.A. No. 3654 of 2026). The respondents were granted two weeks' time to file their reply. The appeal and the application have been listed for the next hearing on July 23, 2026. The order is procedural and does not decide the merits of the case, merely admitting the application for consideration and setting a timeline for the response.
Topics: Corporate Insolvency, Legal Proceedings