Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected appeals related to the corporate insolvency resolution process of Gigeo Construction Company Pvt. Ltd. The first appeal (Comp. App. (AT) (Ins) No. 660 of 2026) was filed by Subhash Ganpatrao Buty HUF through its Karta Subhash Ganpatrao Buty against Pankaj Bhattad, the Resolution Professional of Gigeo Construction Company Pvt. Ltd. The second appeal (Comp. App. (AT) (Ins) No. 1465 of 2025) was filed by Durga Changanlal Patel against Pankaj Bhattad (Resolution Professional) and Others. Both appeals challenge actions or decisions of the Resolution Professional in the insolvency proceedings of Gigeo Construction Company Pvt. Ltd.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical) noted that consensus had been arrived at between the parties. Accordingly, the tribunal adjourned both matters and listed them for hearing on September 29, 2026, under the caption 'For Admission (After Notice)'. The order was passed in hybrid mode, indicating both physical and virtual hearing arrangements.
Topics: Insolvency Proceedings, Legal Appeals