Case Details
Case Name: Suraksha Asset Reconstruction Ltd. vs Bhuvan Madan Resolution Professional of Jaiprakash Associates Ltd. & Anr
Court/Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Case Number: Comp. App. (AT) (Ins) No. 936 of 2026
Order Date: 27th May 2026
Parties Involved
Appellant: Suraksha Asset Reconstruction Ltd.
Respondents: 1. Bhuvan Madan (Resolution Professional of Jaiprakash Associates Ltd.), 2. Another respondent (not named specifically)
Legal Representation:
- For Appellant: Mr. Chitranshul A Sinha, Sagar Bansal, Mr. Shivam Shorewala, Ms. Rakshita Bhargava, Ms. Archie Garg, Ms. Akansha, Ms. Esha Sharma, Advocates
- For Respondents: Mr. Sunil Fernandes, Sr. Advocate with Mr. Anoop Rawat, Mr. Vaijayant Paliwal, Mr. Sagar Dhawan, Mr. Aditya Marwah, Ms. Kirti Gupta, Ms. Ananya Khanna, Advocates
Tribunal Bench:
- Justice Ashok Bhushan (Chairperson)
- Barun Mitra (Member - Technical)
Final Ruling & Enforcement
Next Hearing Date: The appeal has been listed for hearing on 8th July 2026.
Mode of Hearing: The order was passed in hybrid mode.
Current Status: This is a scheduling order that merely lists the appeal for future hearing. No substantive findings, observations, penalties, or directions have been issued at this stage. The merits of the case and specific allegations remain to be heard on the next date of hearing.