NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI Comp. App. (AT) (Ins) No. 661 of 2026 IN THE MATTER OF:

Ram Prasad Agarwala Suspended Director of Fairdeal …Appellant(s)

Supplies Ltd.

Versus Bijay Murmuria Resolution Professional & Ors. …Respondent(s)

Present:

For Appellant : Mr. Gaurav Mitra, Mr. Rahul Kumar Yadav, Advocates For Respondents : Mr. Gaurav H Sethi, Mr. Rahul pawar, Mr. Kartik Nagpal, Advocates for R1/ RP Mr. Dinkar Singh, Mr. Rohit Singh, Advocates for R2 to R4 Mr. Saikat Sarkar, Mr. Saurav Jain, Advocates for R5

O R D E R

(Hybrid Mode)

29.04.2026 Heard Ld. Counsel for Appellant and Ld. Counsels appearing for Respondent No. 1, CoC & Respondent No. 5.

2. This Appeal has been filed against the order dated 18/03/2026, by which I.A. 362/2026 filed by the Respondent No. 5 has been allowed by the Adjudicating Authority.

In the Application filed by Respondent No. 5, following prayers were made :

“a) to pass an order setting aside and/or quashing the impugned decision taken by the Resolution Professional by his rejection email dated 15/03/2026 and/or b) to pass an order allowing the applicant to participate in the Corporate Insolvency Resolution Process of the Corpor