# Association of Independent House Owners of Jaypee Greens vs. Bhuvan Madan, Resolution Professional of Jaiprakash Associates Ltd. & Ors.

> NCLAT judgment dated 2026-07-14. Citation: TCN-2026-NCLAT-00223. The appeals challenge an impugned order dated 17.03.2026, which dismissed an application…

- **Court:** NCLAT
- **Order date:** 14 Jul 2026
- **Citation:** TCN-2026-NCLAT-00223
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/association-of-independent-house-owners-of-jaypee-greens-vs-bhuvan-madan-resolut-uasqn

## Summary

### Background

The appeals challenge an impugned order dated 17.03.2026, which dismissed an application (I.A. No.2/2026) filed by the appellant. The application sought directions for incorporating a mandatory condition regarding the construction of a social club into the resolution plan. The resolution plan had already been approved by the Committee of Creditors (CoC) with a 93.81% vote, and the CoC itself consisted of the allottees.

## Facts

The appeals are filed against an impugned order dated 17.03.2026.

The appellant filed I.A. No.2/2026 before the adjudicating authority.

The application sought directions for incorporating a mandatory condition in the resolution plan regarding the construction of a social club.

The adjudicating authority dismissed the application.

The resolution plan was approved by the Committee of Creditors ("CoC") with 93.81% voting in favour.

The CoC consisted of the allottees themselves.

Respondent No. 2/Successful Resolution Applicant ("SRA") executed an affidavit dated 12.02.2026.

In the affidavit, the SRA stated willingness to engage with the Applicant Association and its members to facilitate the development of an independent club.

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## Issues and analysis

### Issue 1: Whether the impugned order dismissing the application for incorporating a mandatory condition …

**Ratio:** The Appellate Tribunal will not interfere with an order dismissing an application for

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**Reasoning:** The resolution plan was approved by 93.81% of the Committee of Creditors (CoC), which

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**Interpretation:** The NCLAT emphasizes the finality and sanctity of a resolution plan once

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**Application:** In this case, the NCLAT applied these principles by dismissing the appeals,

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## Parties

- **Judges:** Yogesh K…; Barun M…
- **Appellants:** Association of…
- **Respondents:** Jaiprakash…; Bhuvan…
- **Advocates:** Arun Sa…; Rahul Kr.…; +11 more

## Timeline

- **2026-02-12 — Affidavit…**: Affidavit executed by Respondent No. 2/Successful Resolution Applicant ("SRA") stating…
- **2026-03-17 — Impugned…**: Impugned order passed by the learned adjudicating authority, dismissing I.A. No.2/2026…

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