Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: August 19, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1082 of 2024 between Rare Assets Reconstruction Ltd. (Appellant) and Amit Pareek, the Resolution Professional of National Plywood Industries Ltd. along with another respondent. The appeal relates to the corporate insolvency resolution process of National Plywood Industries Ltd. Legal representation was present for both parties: Ms. Sonali Jain, Mr. Vinayak Mehrotra, Mr. Saday Mondol, and Ms. Anjali Singariya represented the appellant Rare Assets Reconstruction Ltd., while Mr. C.S. Suraj Sharma represented respondent Amit Pareek. The bench consisted of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The NCLAT adjourned the hearing and listed the appeal for the next hearing on October 7, 2026. No substantive decisions or rulings on the merits of the case were made in this order, which served solely as a scheduling directive.
Topics: Insolvency Appeal, NCLAT Proceeding, Hearing Adjournment