# In the matter of Jindal Lifestyle Limited vs. Satyendra Sharma & Ors.

> NCLAT judgment dated 2025-08-21. Citation: TCN-2025-NCLAT-00468. The appeal was filed by Jindal Lifestyle Limited against the order dated 30.04.2024 passed by…

- **Court:** NCLAT
- **Order date:** 21 Aug 2025
- **Citation:** TCN-2025-NCLAT-00468
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/jindal-lifestyle-limited-vs-satyendra-sharma-ors-0c0967d9

## Summary

### Background

The appeal was filed by Jindal Lifestyle Limited against the order dated 30.04.2024 passed by the National Company Law Tribunal, Chandigarh Bench in I.A. No. 792 of 2023 in C.P. (IB) 94/Chd/Hry/2020.

## Facts

The Corporate Insolvency Resolution Process (CIRP) was initiated against Arkin Creations Private Limited on 07.10.2022.

Prior to CIRP, Arkin Creations Private Limited initiated arbitration against Jindal Lifestyle Limited for non-payment towards supply of goods.

An Arbitral Award was issued on 23.01.2017 in favor of Arkin Creations Private Limited.

Jindal Lifestyle Limited claimed it did not receive a copy of the Arbitral Award until the demand notice dated 18.01.2023.

The demand notice sought payment of Rs. 44,99,365 comprising the principal amount of Rs. 21,50,332 and interest of Rs. 23,49,033.

The Adjudicating Authority allowed IA No. 792/2023, filed by the Respondent No. 1.

## Issues and analysis

### Issue 1: Whether the Respondent No. 1 could have initiated the IA No. 792/ 2023 in CP (IB) No. …

**Ratio:** Section 60(5) of the Code gives the National Company Law Tribunal jurisdiction to

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**Reasoning:** The IBC is a self-contained code which intends for timely resolution of the Corporate

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**Interpretation:** Once the Adjudicating Authority is required to deal with any matter brought

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**Application:** The Adjudicating Authority was well within its rights to entertain the relevant

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## Parties

- **Judges:** Rakesh Kuma…; Mohammad Faiz…; +1 more
- **Appellants:** Jindal Lifestyle…
- **Respondents:** Arkin Creations…; Satyendra…; +5 more
- **Advocates:** Sarad Kumar…; Madhan Bi…

## Timeline

- **2024-04-30 — Order Da…**: Order passed by the National Company Law Tribunal, Chandigarh Bench in I.A. No. 792 of…
- **2022-10-07 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) was initiated against Arkin Creations…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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