Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected insolvency appeals: Comp. App. (AT) (Ins) No. 1038 of 2026 and Comp. App. (AT) (Ins) No. 1039 of 2026. The first appeal was filed by Pashupati Corporation, identified as the Successful Bidder of Gouri Iron & Steel Private Limited, against Rakesh Dugar and another respondent. The second appeal was filed by Gouri Iron and Steel Private Limited & Another against the same respondents, Rakesh Dugar and Another. The appeals challenge orders related to the corporate insolvency resolution process of Gouri Iron & Steel Private Limited.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Arun Baroka (Member Technical) adjourned both appeals to 16 October 2026. The tribunal noted the urgency shown by the appellant's counsel and the fact that an adjournment had been sought on behalf of the respondent. The cases were listed as the first case on the board for the next day. The order did not contain any substantive ruling on the merits of the appeals, being purely procedural in nature to accommodate the scheduling request.
Topics: Insolvency Proceedings, NCLAT Appeal