# In the matter of Jaiprakash Associates Limited

> NCLT judgment dated 2026-03-17. Citation: TCN-2026-NCLT-00306. Yamuna Expressway Industrial Development Authority filed an application under Section 60(5) of…

- **Court:** NCLT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLT-00306
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/jaiprakash-associates-limited-e43f6ca6

## Summary

### Background

Yamuna Expressway Industrial Development Authority filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking permission to intervene in the resolution plan of Jaiprakash Associates Limited.

## Facts

Yamuna Expressway Industrial Development Authority (YEIDA) filed an application to intervene in the resolution plan of Jaiprakash Associates Limited.

The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.

YEIDA sought permission to intervene in the resolution plan, to receive a copy of the resolution plan, and to file objections against the treatment of its claims.

The Tribunal noted that the issues raised by YEIDA had already been considered in previous applications (I.A. No. 03 of 2026 and I.A. No. 114 of 2026).

The Tribunal also noted that the issues were sub judice before the Hon'ble Supreme Court.

The Tribunal held that the Resolution Plan is a confidential document during its consideration under Section 31 of the Code.

…

## Issues and analysis

### Issue 1: Whether the Applicant, being a third party, …

**Ratio:** The Resolution Plan constitutes a confidential document during the pendency of its

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**Reasoning:** Access to the Resolution Plan is regulated within the statutory framework governing the

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**Interpretation:** A third party cannot claim an independent or enforceable right to access the

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**Application:** The Applicant, being neither a member nor a participant in the CoC meetings,

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Yamuna Expressway…; ICICI Bank…
- **Respondents:** Jaiprakash…; Bhuvan…
- **Advocates:** N. Venkat…; Amar Kumar…; +18 more

## Timeline

- **2026-01-05 — Application…**: Yamuna Expressway Industrial…
- **2026-03-17 — Order Pron…**: The Tribunal pronounced the…

## 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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