Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard a procedural matter in Comp. App. (AT) (Ins) No. 936 of 2026. The appeal was filed by Suraksha Asset Reconstruction Ltd. (Appellant) against Bhuvan Madan in his capacity as the Resolution Professional of Jaiprakash Associates Ltd., along with another respondent. The appeal arises from the Corporate Insolvency Resolution Process (CIRP) of Jaiprakash Associates Ltd., a major infrastructure company. The matter was listed for hearing in hybrid mode. Legal representatives for both parties were present: Mr. Chitranshul A. Sinha led the team for the appellant Suraksha ARC, while Mr. Sunil Fernandes, Senior Advocate, represented the respondent Resolution Professional.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Barun Mitra (Member-Technical) did not conduct any substantive hearing on the merits of the case. The tribunal issued a procedural order simply listing the appeal for the next hearing on July 24, 2026. No decisions on the substantive issues were made, and the matter was adjourned to the future date.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Debtor