Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 191 of 2026 along with I.A. No. 700 of 2026. The appellant, Gujarat Industrial Development Corporation, is appealing against Divyesh Desai in his capacity as Resolution Professional of GPT Steel Industries Ltd, along with another respondent. The matter appears to relate to corporate insolvency resolution proceedings involving GPT Steel Industries Ltd.
During the hearing, the learned counsel for the appellant requested additional time to file an affidavit along with supplementary documents. The tribunal granted this request, allowing the appellant one week from August 19, 2026 to file the additional documents. The respondents were granted one week thereafter to file their response to these additional materials.
Final Outcome
The tribunal adjourned the matter to September 9, 2026 for further hearing under the same category. The order was passed by Justice Yogesh Khanna (The Officiating Chairperson) and Member (Technical) Ajai Das Mehrotra. The case remains pending with no substantive decision on the merits of the appeal at this stage.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment