Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03.08.2026
Case Overview
The order pertains to Comp. App. (AT) (Ins) No. 1332 of 2026, an appeal filed by Loknath Prasad Gupta, who is identified as a Member of the Suspended Board of Directors of Raja Udyog Private Limited. The appellant is appealing against respondents Dinesh Chand & Ors. The case involves insolvency proceedings concerning Raja Udyog Private Limited. Legal representation includes Mr. Joy Saha, Senior Advocate with several other advocates for the appellant, Adv. Barsha Dikshit (PCS), Mr. Abhijeet Jain for the IRP (Interim Resolution Professional), and Mr. Aishwarya Kumar Awasthi for respondents R1 to R3.
Final Outcome
The hearing for the appeal could not be taken up on 03.08.2026 due to paucity of time. The NCLAT bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) ordered that the case be listed for hearing on the next day, i.e., 04.08.2026, in the supplementary list as the first case on the board. The matter remains pending for hearing.
Topics: Insolvency Proceedings, NCLAT Appeal