Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 4th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals:
1. Comp. App. (AT) (Ins) No. 1038 of 2026 & I.A. No. 4094, 4095 of 2026: Filed by Pashupati Corporation (Successful Bidder of Gouri Iron & Steel Private Limited) against Rakesh Dugar and Another
2. Comp. App. (AT) (Ins) No. 1039 of 2026 & I.A. No. 4096, 4097 of 2026: Filed by Gouri Iron and Steel Private Limited & Another against Rakesh Dugar and Another
The appeals appear to challenge orders related to the corporate insolvency resolution process of Gouri Iron and Steel Private Limited, where Pashupati Corporation has emerged as the successful resolution applicant. The matter was heard in hybrid mode with legal representation from both sides.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) adjourned the hearing due to time constraints. The appeals have been listed for next hearing on 14th August 2026. No substantive arguments were heard or orders passed on the merits of the case on the current date.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Resolution