# In the matter of MJ Shah Consortium Successful Resolution Applicant vs. India Infoline Finance Ltd. (IIFL) & Ors.

> NCLAT judgment dated 2026-03-20. Citation: TCN-2026-NCLAT-00104. The appeal was filed against the order dated 19/01/2026 by IA (I.B.C) 5345/MB/2025, which was…

- **Court:** NCLAT
- **Order date:** 20 Mar 2026
- **Citation:** TCN-2026-NCLAT-00104
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/mj-shah-consortium-successful-resolution-applicant-vs-india-infoline-finance-ltd-d7ef72e4

## Summary

### Background

The appeal was filed against the order dated 19/01/2026 by IA (I.B.C) 5345/MB/2025, which was disposed of by the Adjudicating Authority. The Appellant sought a copy of the Consent Terms from the Respondent, but the Respondent stated that the original consent terms are not available.

## Facts

The appeal was filed against the order dated 19/01/2026 by IA (I.B.C) 5345/MB/2025.

The Appellant sought a copy of the Consent Terms from the Respondent.

The Respondent stated that the original consent terms are not available.

The Adjudicating Authority disposed of the application, stating that the prayers made in the application had already been taken care of.

The NCLAT found no error in the order passed by the Adjudicating Authority.

The NCLAT dismissed the appeal.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority erred in …

**Ratio:** The Adjudicating Authority disposed of the application because the prayers made in the

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**Reasoning:** The NCLAT found no error in the order passed by the Adjudicating Authority, implying that

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**Interpretation:** The Adjudicating Authority has the discretion to dispose of applications based

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**Application:** In this case, the Adjudicating Authority's decision was upheld because the

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** MJ Shah Consortium…
- **Respondents:** India Infoline…
- **Advocates:** Devashish C…; Majhura…; +4 more

## Timeline

- **2026-03-20 — I.A. No. 1907…**: Application praying for condonation of 01 day…
- **2026-01-19 — Order Da…**: Appeal filed against the order dated 19/01/2026 by IA (I.B.C) 5345/MB/2025, filed by the…

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