Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench was hearing two connected insolvency appeals:
- Company Appeal (AT) (Insolvency) No. 1091 of 2023 & I.A. No. 3760 of 2023
- Company Appeal (AT) (Insolvency) No. 1502 of 2022 & I.A. No. 4775 of 2022
Both appeals were filed by the Greater Noida Industrial Development Authority (through its Chief Executive Officer) as the Appellant. The Respondent in both appeals is Pankaj Narang in his capacity as the Resolution Professional for the corporate debtors, identified as K V Developer Pvt. Ltd. in one appeal and K V Developers Pvt. Ltd. in the other. The proceedings involve insolvency matters concerning these real estate developers.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical), did not hear the matter on the scheduled date. The order states that "Due to paucity of time, the matter could not be taken up." Consequently, both appeals have been adjourned and are now listed to be heard next on 30 November 2026. No substantive orders were passed on the merits of the case.
Topics: Insolvency Proceedings, Real Estate Dispute, Legal Adjournment