Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22nd July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 908 of 2025. The appellant is GAIL (India) Ltd., while the respondents include the Resolution Professional (RP) Abhijit Guhathakurta acting for Videocon Industries Ltd. and other parties. The appeal relates to insolvency proceedings involving Videocon Industries Ltd. Legal representation was present for both sides: Mr. Sumant Nayak, Ms. Shraddha Chaudhari, and Ms. Smriti Shukla represented the appellant (GAIL India), while Mr. Vaijayant Paliwal, Ms. Moulshree Shukla, and Ms. Gayathri Balasubramanian represented respondents 1, 2, and 4 to 15. The hearing was conducted in hybrid mode.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned the matter. The appeal is now listed for next hearing on 22nd September, 2026. No substantive decisions or rulings on the merits of the case were made in this order.
Topics: Insolvency Appeal, Corporate Litigation