Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 31.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by the Greater Noida Industrial Development Authority through its Chief Executive Officer. The appeals are directed against Pankaj Narang in his capacity as the Resolution Professional for K V Developer Pvt. Ltd., along with another respondent. The specific case numbers are Comp. App. (AT) (Ins) No. 1091 of 2023 (with I.A. No. 3760 of 2023) and Comp. App. (AT) (Ins) No. 1502 of 2022 (with I.A. No. 4775 of 2022). The nature of the dispute concerns the corporate insolvency resolution process of the real estate company K V Developer Pvt. Ltd. The tribunal noted that no substantive hearing could be conducted on the scheduled date.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical), adjourned both appeals due to time constraints. The matters were listed for the next hearing on 09.09.2026. No rulings on the merits of the case, penalties, or other directions were issued in this order.
Topics: NCLAT Proceedings, Real Estate Insolvency, Adjournment