Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Ins) No. 1082 of 2024. The appeal involves Rare Assets Reconstruction Ltd. as the appellant challenging actions of Amit Pareek, the Resolution Professional of National Plywood Industries Ltd., along with another respondent. The matter represents ongoing insolvency proceedings related to National Plywood Industries Ltd.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Mr. Arun Baroka (Member Technical), and Mr. Indevar Pandey (Member Technical), could not hear the substantive matter due to "paucity of time." The appeal has been adjourned and listed for next hearing on November 30, 2026. This is a procedural adjournment without any substantive ruling on the merits of the case.
Topics: NCLAT, Insolvency Appeal, Adjournment