Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 538 & 539 of 2026 along with connected Interlocutory Applications numbered I.A. No. 2072, 2073, 2074, 2075, 2076, and 2077 of 2026. The appeal involves Velocity Enterprises (through its proprietor) as the Appellant versus Jaiprakash Associates Ltd. & Others as Respondents. The order was passed in hybrid mode. Legal representation includes Mr. Aadarsh Kothari, Mr. Utpal Sharma, and Mr. Jai Kumar, Advocates for the Appellant, and Adv. Farrukh Khan, Mr. Dinkar Tiwari, and Mr. Talat Chaudhary, Advocates for Respondent-1 (Jaiprakash Associates Ltd). The bench comprised Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The Tribunal has listed the appeal for next hearing on 14th September 2026. This is a procedural adjournment order without any substantive decision on the merits of the case.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation