Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 14 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected appeals:
1. Comp. App. (AT) (Ins) No. 1038 of 2026 & I.A. No. 4094, 4095 of 2026: Filed by Pashupati Corporation, which is identified as the Successful Bidder of Gouri Iron & Steel Private Limited, against respondents Rakesh Dugar and Another.
2. Comp. App. (AT) (Ins) No. 1039 of 2026 & I.A. No. 4096, 4097 of 2026: Filed by Gouri Iron & Steel Private Limited & Another against respondents Rakesh Dugar and Another.
The appellants were represented by Mr. Dheeraj Garg, Advocate. The respondents (R1) were represented by Ms. Akanksha Mehra and Mr. Abhiraj Choudhary.
The nature of the dispute involves the corporate insolvency resolution process of Gouri Iron & Steel Private Limited, with Pashupati Corporation being the successful resolution applicant.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), did not conduct a substantive hearing of the appeals. The order states "No time left" and adjourns the matters, listing both appeals for the next hearing on 11 September 2026. No interim orders or substantive directions were issued.
Topics: Insolvency Appeal, Adjournment, NCLAT