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2026 Supreme(Online)(NCLT) 954

NATIONAL COMPANY LAW TRIBUNAL
M/s Reinaissance Realty – Appellant
Versus
Resolution Professional of Corporate Debtor-Bhuvan Madan – Respondent


Advocates:
For the Petitioner:YASH TANDON
For the Respondent:FARRUKH KHAN

ALLAHABAD BENCH, PRAYAGRAJ ________________________________________________________________

IA No.77/2025 IN CP(IB)No. 330/ALD/2018 (An application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016).

IN THE MATTER OF:

M/S RENAISSANCE REALTY Through its partner Sh. Rakesh Mehra D-995, New Friends Colony New Delhi -110062 …………Applicant Versus RESOLUTION PROFESSIONAL OF CORPORATE DEBTOR JAI PRAKASH ASSOCIATES LIMITED Jaypee Greens, Sector -128, Noida Uttar Pradesh -201304 ………..Respondent AND IN THE MATTER OF:

ICICI BANK LIMITED ………..Financial Creditor Versus M/S JAIPRAKASH ASSOCIATES LIMITED ………..Corporate Debtor Order Pronounced on: 17.03.2026 Coram:

Sh. Praveen Gupta : Member (Judicial)

Sh. Ashish Verma : Member (Technical)

Appearances:

Sh. Yash Tandon, Adv. : For the Applicant Dr. Farrukh Khan with Sh. Dinkar Tiwari & : For the Res./RP Ms. Khushboo Sai Khurana, Advs.

ORDER

1. This present application is filed on 13.02.2025, by M/s Renaissance Realty (hereinafter referred as “Applicant”) under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Rule 11 of National Company Law Tribunal Rules, 2016 against t

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