# Navneet Gupta Insolvency Professional vs. Insolvency and Bankruptcy Board of India

> NCLAT judgment dated 2026-10-09. Citation: TCN-2026-NCLAT-00306. Navneet Gupta, an Insolvency Professional (IP), filed a Company Appeal against an order by…

- **Court:** NCLAT
- **Order date:** 9 Oct 2026
- **Citation:** TCN-2026-NCLAT-00306
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/navneet-gupta-insolvency-professional-vs-insolvency-and-27s6v

## Summary

### Background

Navneet Gupta, an Insolvency Professional (IP), filed a Company Appeal against an order by the Insolvency and Bankruptcy Board of India (IBBI) dated 21.08.2026, which suspended his registration for one year due to professional misconduct and directed Committees of Creditors (CoCs) to replace him. Two interlocutory applications (I.A. Nos. 6679 and 6680 of 2026) were filed by Mr. Haravtar Singh Arora and Mr. Ajmair Singh Bhullar, respectively. Mr. Arora sought to recall an earlier order dated 10.09.2026 that rejected his impleadment application (I.A. No. 6230 of 2026) in the main appeal, alleging fraud in the Appellant's affidavit and lack of jurisdiction. Mr. Bhullar sought limited impleadment in a stay application (I.A. No. 6168 of 2026). Mr. Arora claimed to be a

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## Facts

Two interlocutory applications, I.A. Nos. 6680 of 2026 (by Mr. Ajmair Singh Bhullar) and I.A. No. 6679 of 2026 (by Mr. Haravtar Singh Arora), are under consideration.

Mr. Haravtar Singh Arora sought recall of an Order dated 10.09.2026, which had rejected his earlier impleadment application (I.A. No. 6230 of 2026).

Mr. Ajmair Singh Bhullar sought limited impleadment in a stay application (I.A. No. 6168 of 2026).

The main Company Appeal (AT) (Insolvency) No. 1612 of 2026 was preferred by Mr. Navneet Gupta, the Insolvency Resolution Professional, against an IBBI order dated 21.08.2026.

The IBBI order suspended Mr. Navneet Gupta's registration as an Insolvency Professional for one year due to professional misconduct and dereliction of duties.

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## Issues and analysis

### Issue 1: Whether the Order dated 10.09.2026, rejecting the impleadment application (I.A. No. 6230 of 2026), …

**Ratio:** A recall application based on fraud requires establishing specific ingredients of fraud,

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**Reasoning:** The Tribunal found no fraud established. The argument regarding the affidavit's

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**Interpretation:** Fraud requires a clear intention to deceive for gain, not just a procedural

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**Application:** The Applicant failed to establish the ingredients of fraud. The alleged defect

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## Parties

- **Judges:** Sharad Kumar…; Indevar Pandey…
- **Appellants:** Navneet Gupta…; Ajmair Singh…; +1 more
- **Respondents:** M/s James Hotel…; Insolvency and…
- **Other parties:** Indian…; Navneet…
- **Advocates:** Abhishek…; Karan K…; +14 more

## Timeline

- **2025-11-28 — Show Cause Noti…**: Show Cause Notice (SCN) No. COMP/11011/110/2025-IBBI/1847/1797 issued to Mr. Navneet…
- **2026-08-21 — Impugned Order Passed…**: IBBI passed the impugned Order suspending Mr. Navneet Gupta's registration and directing…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 220 — Appointment of disciplinary committee](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-220)

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