# In the matter of Jaiprakash Associates Limited

> NCLT judgment dated 2026-03-17. Citation: TCN-2026-NCLT-00348. The Association of Independent House Owners of Jaypee Greens filed an application seeking…

- **Court:** NCLT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLT-00348
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/jaiprakash-associates-limited-344e0d64

## Summary

### Background

The Association of Independent House Owners of Jaypee Greens filed an application seeking intervention/impleadment in I.A. No. 11 of 2025, which was filed by the Resolution Professional of Jaiprakash Associates Limited (Corporate Debtor) for seeking approval of the resolution plan submitted by Adani Enterprises Limited.

## Facts

The Association of Independent House Owners of Jaypee Greens filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.

The Applicant sought intervention/impleadment in I.A. No. 11 of 2025 filed by the Resolution Professional of Jaiprakash Associates Limited.

The Applicant's main grievance was the non-construction of the Social Club promised in the Jaypee Greens township.

The Applicant claimed that the Corporate Debtor extensively marketed and promoted 'Jaypee Greens' with a dedicated Social Club/Club House.

The Applicant alleged that the Respondent failed to disclose the obligation to construct the Social Club in the Information Memorandum.

…

## Issues and analysis

### Issue 1: Whether the Applicant is entitled …

**Ratio:** The Hon'ble NCLAT has held that only the 'participants' in the meetings of the Committee

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**Reasoning:** The Applicant, being a registered association of the Corporate Debtor, is neither a

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**Interpretation:** The right to access the Resolution Plan is limited to participants in the CoC

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**Application:** The Applicant cannot claim any independent or enforceable right to access the

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Association of…; Rahul K…
- **Respondents:** Jaiprakash…; Bhuvan…; +1 more
- **Other parties:** ICICI Bank…
- **Advocates:** Sh. Krishna Dev…; Sh. Sandeep…; +15 more

## Timeline

- **2026-01-03 — Application…**: The present application was filed by the Association of Independent House Owners of…
- **2026-01-29 — Reply by Respondent No.…**: Respondent No. 2 filed its reply denying…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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