Justice Ashok Bhushan

Recent insolvency proceedings in India continue to navigate procedural delays and legal challenges, as evidenced by a series of hearings and adjourned cases before the National Company Law Appellate Tribunal (NCLAT). Justice Ashok Bhushan’s bench is central to several of these matters, including appeals involving Tech Lads, Shreenathji Realmart, Gee Filaments, and Calcutta Pinjrapole Society, reflecting the ongoing complexities within the corporate insolvency resolution framework. The frequent scheduling of hearings, requests for submission notes, and granting of extensions for rejoinders highlight the protracted nature of these legal battles and the need for further clarification on procedural aspects. These developments suggest that resolution timelines for distressed assets may remain extended, potentially impacting investor returns and the overall efficiency of the insolvency process.