Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 381 of 2024 along with I.A. No. 6517 of 2026. The appeal involves Revive Realty Ltd. as the appellant against respondents including Kamal Kishore Gurnani (Erstwhile Resolution Professional of Pranav Construction System Pvt. Ltd.) and others. The matter was presented in hybrid mode with multiple advocates representing both parties. For the appellant, representation was provided by Mr. Pranjit Bhattacharya, Ms. Nitya Bashakar, and Ms. S. Tripathi. For the respondents, Mr. Kushal Bansal appeared for Respondent-2, while Mr. J. Ranjesh, Mr. Dhrupad Vaghani, Ms. Gayatri Mohite, Mr. Yashwardhan Aggarwal, and Mr. Ali Abbas Masoodi represented Respondent-4.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) adjourned the hearing due to paucity of time. The appeal has been listed for next hearing on 06 November 2026. No substantive decisions or rulings were made in this order, which serves solely as a procedural adjournment.
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Adjournment