Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th September, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 191 of 2026 along with I.A. No. 700 of 2026. The appeal was filed by Gujarat Industrial Development Corporation as the appellant against Divyesh Desai (Resolution Professional of GPT Steel Industries Ltd.) and another respondent. The matter relates to insolvency proceedings concerning GPT Steel Industries Ltd.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical) adjourned the appeal and listed it for hearing again on 23rd September, 2026, in the supplementary list. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceedings