Parsvnath Director Appeals NCLAT Insolvency Order

Case Details

This data consists of two connected appeals filed with the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The primary appeal is Company Appeal (AT) (Insolvency) No. 900 of 2026, with a connected appeal numbered Company Appeal (AT) (Insolvency) No. 977 of 2026. The order was issued on May 26, 2026, in hybrid mode.

Parties Involved

Appellant: Sanjeev Kumar Jain, identified as the Suspended Director of Parsvnath Developers Limited.

Respondents:

1. Asset Reconstruction Company (India) Ltd (ARCIL)

2. Anr. (Another Respondent, not named)

Legal Representation:

• For Respondent 1 (ARCIL): Mr. Abhijeet Sinha, Senior Advocate, with Ms. Meghna Mishra, Mr. Siddharth Joshi, and Ms. Ujjnala Gupta, Advocates.
• For Respondent 2: Mr. Sandeep Bajaj, Mr. Ankit Banati, and Mr. Vikas Maini, Advocates.
• For an Intervener: Ms. Aakshi Lodha, Mr. Gaurav Mitra, and Ms. Namanjeet Bhatia, Advocates.

The connected appeal (977 of 2026) also lists ARCIL & Anr. as Respondents.

Final Ruling & Enforcement

The two-member bench, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)), did not rule on the merits of the case. The order is purely procedural, listing both appeals for a hearing on the next day, May 27, 2026. No findings, penalties, or directions related to the underlying insolvency matter are disclosed in this text.