Case Details

Case Name: IDBI Bank vs. Jaypee Infratech Ltd

Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench

Case No.: IB-77(ALD)/2017

Order Date: 26.05.2026

Nature of Proceeding: Order under Section 7 of Insolvency & Bankruptcy Code, 2016 CIRP (Corporate Insolvency Resolution Process)

Parties Involved

Petitioner: IDBI Bank

Respondent: Jaypee Infratech Ltd

Other Represented Parties: Successful Resolution Applicant (SRA), NARCL (National Asset Reconstruction Company Ltd), and various homebuyers/intervenors through multiple Interlocutory Applications (IAs)

Legal Representation:

  • For Applicant: Multiple advocates including Ms. Amisha Ray, Mr. Rajesh Rai, Mr. Aishvary Vikram, Mr. Lucky Sharma, Ms. Navya Bhagat, Mr. Yash Jain, Ms. Aishwarya Sinha, Mr. Aditya Malhotra, Mr. Sankalp Mahindrew, Mr. Amit Kumar Mishra, Mr. Dhananjay Sud, Ms. Mitakshara Goyal, Mr. Saurv Kakroda, Dr. M.K. Pandey, Ms. Srishti Bidani, Ms. Rit Arora, Ms. Radhika Goel, Mr. Akshay Srivastava, and Ms. Shreshth Nanda
  • For SRA: Mr. Arvind Nayar (Sr. Adv.), Mr. Sagar Bansal, Ms. Shrishty Kaul, Ms. Roopsee Pandita, Mr. Shubham Pandey, Ms. Akansha
  • For Respondent: Mr. Ankur Mittal, Ms. Aditi Sharma, and Mr. Arpit Sharma for Respondents 1 & 2 and for NARCL

Bench: Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical)

Procedural Status of Applications

IA-5944/2024:

  • Vide order dated 12.02.2026, the report of the Committee has not been received
  • Tribunal is awaiting the report of the Committee
  • Listed for next hearing on 15.07.2026

IA-780/2026 (Homebuyer Claim Application):

  • Applicant is a Homebuyer who claims to have sent an email to the Resolution Professional to raise his claim
  • Respondent contends that the applicant has not furnished any record of the e-mail or any other documents in support of his claim
  • Respondent argues the application is not maintainable
  • Tribunal has issued notice and granted time to file reply
  • Listed for next hearing on 15.07.2026

Batch of Deferred Applications:

IA-5439/2024, IA-1571/2025, IA-1742/2025, IA-1941/2025, IA-2401/2025, IA-4126/2025, IA-4368/2025, IA-5918/2025, IA-467/2026, IA-468/2026, IA-481/2026, IA-1324/2026, IA-768/2026, IA-991/2026 and IA-1386/2026

  • All listed for next hearing on 15.07.2026 without specific proceedings recorded

Hearing Details

Hearing Mode: Hybrid Hearing (Physical & Video Conference)

Next Hearing Date: 15.07.2026

Final Ruling & Enforcement

No substantive ruling was issued in this order. The matter remains pending with all applications deferred to the next hearing date of 15.07.2026. The Tribunal continues to await the Committee report as ordered on 12.02.2026.