# In the matter of Suyog Suryakant Talekar vs. Trivenimudrai Project Ltd. & Another, {I.A. No. 1534 of 2026 in CA (AT) (Ins) No. 247 of 2026]

> NCLAT judgment dated 2026-04-06. Citation: TCN-2026-NCLAT-00072. The appeal challenges an order of the Adjudicating Authority dated 13.01.2026, which admitted…

- **Court:** NCLAT
- **Order date:** 6 Apr 2026
- **Citation:** TCN-2026-NCLAT-00072
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/suyog-suryakant-talekar-vs-trivenimudrai-project-ltd-another-ia-no-1534-of-2026-0f742e7c

## Summary

### Background

The appeal challenges an order of the Adjudicating Authority dated 13.01.2026, which admitted the corporate debtor to CIRP under Section 9 of the IBC.

## Facts

The appellant is the suspended director of the corporate debtor.

The Adjudicating Authority admitted the corporate debtor to CIRP under Section 9 of the IBC.

The appellant and the second respondent, the operational creditor, have amicably settled the dispute.

The IRP has collected claims but the CoC has not been constituted.

The appellant seeks settlement under Regulation 30A(1)(a) of the CIRP Regulations.

The IRP's initial cost/remuneration has not been paid.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority should consider all relevant factors before approving or …

**Ratio:** The Adjudicating Authority must hear the parties concerned and consider all relevant

…

**Reasoning:** Once the CD was admitted to CIRP, the proceeding assumes the character of a proceeding in

…

**Interpretation:** The phrase 'parties concerned' refers to the other creditors of the CD. The

…

**Application:** The Adjudicating Authority must consider the views of other creditors and the

…

## Parties

- **Judges:** N. Sesha…; Arun Ba…; +1 more
- **Appellants:** Suyog Suryakant…
- **Respondents:** Trivenimudrai…; Baij Nath Ram…
- **Advocates:** Aastik Dh…; Purva K…; +2 more

## Timeline

- **2026-01-13 — Order Da…**: Order passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench)…
- **2026-03-13 — Interim Ord…**: Interim Order of this tribunal dated 13.03.2026 claims have been collated but CoC has not…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/suyog-suryakant-talekar-vs-trivenimudrai-project-ltd-another-ia-no-1534-of-2026-0f742e7c