Case Details
Case Name: Company Appeal (AT) (Insolvency) No. 900 of 2026 and Company Appeal (AT) (Insolvency) No. 977 of 2026
Court/Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Date of Order: 25th May, 2026
Next Hearing Date: 26th May, 2026
Parties Involved
Appellants:
- Sanjeev Kumar Jain (Suspended Director of Parsvnath Developers Limited) - Appeal No. 900 of 2026
- Surya Mani Pandey (Suspended Director of Noida Marketing Pvt. Ltd.) - Appeal No. 977 of 2026
Respondents:
- Asset Reconstruction Company (India) Ltd. (Respondent No. 1 in both appeals)
- Unnamed Second Respondent (Respondent No. 2 in both appeals)
Legal Representation:
For Appellant (900/2026): Mr. Arun Kathpalia & Mr. Krishnendu Dutta, Sr. Advocates with Mr. Abhishek Anand, Mr. Rajat Joneja, Mr. Manoranjan Sharma, Mr. Arpit Dwivedi, Mr. Karan Rajpurohit, Ms. Sakshi Kapoor and Ms. Tina Aneja, Advocates
For Appellant (977/2026): Mr. Abhishek Anand, Mr. Rajat Joneja, Mr. Manoranjan Sharma, Mr. Arpit Dwivedi, Mr. Karan Rajpurohit, Ms. Sakshi Kapoor and Ms. Tina Aneja, Advocates
For Respondents (Both appeals): Mr. Abhijeet Sinha, Sr. Advocate with Ms. Meghna Mishra, Ms. Siddharth Joshi, Ms. Ujjwala Gupta, Mr. Shubham Madaan and Ms. Heena Kochar, Advocates for R-1
For RP/R-2 (Both appeals): Mr. Sandeep Bajaj, Mr. Vikas Maini and Mr. Ankit Banati, Advocates
Intervenors (900/2026): Mr. Gaurav Mitra and Ms. Akashi Lodha, Advocates
Tribunal Members:
- Justice Ashok Bhushan (Chairperson)
- Barun Mitra (Member - Technical)
Final Ruling & Enforcement
The NCLAT issued a procedural order directing that both appeals be listed for hearing on 26th May, 2026. No substantive decision on the merits of the appeals was made in this order. The matter remains pending before the tribunal for further hearing and consideration.