Case Details

Case Name: JBCG Advisory Services Private Limited vs Sammaan Capital Limited (Formerly Known as Indiabulls Housing Finance Ltd.)

Court/Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Case Numbers: Comp. App. (AT) (Ins) No. 712 of 2026 & I.A. No. 2776 of 2026; Comp. App. (AT) (Ins) No. 664 of 2026

Date of Order: May 21, 2026

Parties Involved

Appellants/Respondents:

  • JBCG Advisory Services Private Limited (Appellant in first case, Respondent in cross-appeal)
  • Sammaan Capital Ltd. (Previously known as Indiabulls Housing Finance Ltd.) (Respondent in first case, Appellant in cross-appeal)

Legal Representatives:

  • For JBCG Advisory Services: Mr. P. Nagesh, Sr. Advocate with Mr. Kinnar Shah, Mr. Rhythm Buaria, Mr. Shouryaditya, Mr. Akshay Sharma, Mr. Abdul Karim Ansari, Advocates
  • For Sammaan Capital: Mr. Siddharth Joshi, Ms. Ujjwala Gupta and Mr. Shubham Madaan, Advocates; Mr. Arun Kathpalia, Sr. Advocate with Mr. Siddharth Joshi, Ms. Ujjwala Gupta and Mr. Shubham Madaan, Advocates
  • For JBCG Advisory Services (in cross-appeal): Mr. Krishnendu Datta, Sr. Advocate with Mr. Kinnar Shah, Mr. Rhythm Buaria, Mr. Yash, Mr. Abdul Karim Ansari, Advocates

Tribunal Members:

  • Justice Ashok Bhushan (Chairperson)
  • Indevar Pandey (Member (Technical))

Final Ruling & Enforcement

The National Company Law Appellate Tribunal issued a procedural order listing both appeals for hearing on May 26, 2026. The order was passed in hybrid mode and represents a scheduling decision rather than a substantive ruling on the merits of the case.

This order is purely procedural and does not contain any substantive findings, allegations, violations, penalties, or corrective actions. The document serves only to schedule the hearing date for the cross-appeals between the parties.