NCLAT stays NCLT order that upheld RP's rejection of ARCIL's Rs 3,482 crore financial claim against JCT Ltd.
Appeal centers on whether RP can reverse provisionally admitted claims and if the debt is time-barred.
ARCIL argues claim is valid based on corporate guarantees, DRT proceedings, and balance sheet acknowledgments.
Tribunal lists final hearing for September 2026, protecting ARCIL's CoC position until then.