Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 191 of 2026 along with I.A. No. 700 of 2026. The appeal was filed by Gujarat Industrial Development Corporation as the appellant against Divyesh Desai, who is the Resolution Professional of GPT Steel Industries Ltd., and other respondents. The matter was heard in hybrid mode before a bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Legal representation included Mr. Aman A Mir, Advocate for the appellant, and Mr. Tishampati Sen, Riddhi Sancheti, Anand, Mukul Kulhari, Advocate for Respondent-1. Mr. Virender Ganda, Senior Advocate with Mr. Raghav Kakkar, Advocate appeared for Respondent-3. Ms. Manya Jarharani was also noted in the proceedings.
Final Outcome
The tribunal adjourned the matter and directed it to be listed in the supplementary list on September 15, 2026, with specific instruction that it should be placed "high on board" for hearing on that date. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Appeal, Adjournment, Corporate Litigation