Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: August 19, 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in an appeal filed by the Gujarat Industrial Development Corporation. The appellant is appealing against respondents Divyesh Desai (the Resolution Professional of GPT Steel Industries Ltd.) and another respondent. The order is procedural and does not delve into the substantive allegations or background of the dispute between the parties.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna and Member (Technical) Ajai Das Mehrotra, granted a procedural adjournment. The learned counsel for the appellant sought time to file an affidavit along with additional documents. The tribunal allowed this request, directing the appellant to file the affidavit and documents within one week from the order date (August 19, 2026). A copy must be provided to the counsel for the respondents, who are then given one week to file their response. The appeal has been adjourned and is next listed for hearing on September 9, 2026, under the same category. No substantive ruling on the merits of the case was made in this order.
Topics: NCLAT, Corporate Insolvency, Procedural Hearing