# In the matter of Abhay Jain vs. RKG Finvest Ltd. & Ors.

> NCLAT judgment dated 2026-03-13. Citation: TCN-2026-NCLAT-00035. The appeal was filed against an order dated 19.08.2025, where the appellant sought…

- **Court:** NCLAT
- **Order date:** 13 Mar 2026
- **Citation:** TCN-2026-NCLAT-00035
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/abhay-jain-vs-rkg-finvest-ltd-ors-bf7062ee

## Summary

### Background

The appeal was filed against an order dated 19.08.2025, where the appellant sought rectification/clarification of an order dated 12.06.2025. The adjudicating authority had previously passed an order on 12.06.2025, granting directions and disposing of I.A. Liquidation 7/2024. The order fixed a timeframe for payment and issued directions in paragraph xiv.

## Facts

The appeal was filed against an order dated 19.08.2025.

The appellant sought rectification/clarification of the order dated 12.06.2025.

The adjudicating authority had passed an order on 12.06.2025, granting directions and disposing of I.A. Liquidation 7/2024.

The application filed by the SRA was rejected by the adjudicating authority.

The adjudicating authority noted that the contentions raised in the application had already been dealt with in the order dated 12.06.2025.

The appellant argued that they required the Loan Agreement from the financial creditor.

The application for rectification or clarification was deemed wholly misconceived and dismissed.

The appeal was dismissed.

## Issues and analysis

### Issue 1: Whether the application for rectification/clarification of the order dated 12.06.2025 was rightly …

**Ratio:** The application was dismissed because the contentions raised had already been addressed

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**Reasoning:** The adjudicating authority found that the application was merely reiterating arguments

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**Interpretation:** The court interpreted that filing the same

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**Application:** The principle of res judicata applies, preventing the re-litigation of issues

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Abhay…; Successful…
- **Respondents:** Beans and More…; RKG Finves…
- **Advocates:** Swarnika Ag…; Rakesh…; +4 more

## Timeline

- **2025-08-19 — Order Da…**: Order against which the…
- **2025-06-12 — Order Da…**: Order for which rectification/…

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