Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: June 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected Company Appeals related to insolvency proceedings. Company Appeal (AT) (Insolvency) No. 1038 of 2026 was filed by Pashupati Corporation, identified as the Successful Bidder of Gouri Iron & Steel Private Limited, against respondents Rakesh Dugar and another. The connected Company Appeal (AT) (Insolvency) No. 1039 of 2026 was filed by Gouri Iron and Steel Private Limited and another against the same respondents. Both appeals were represented by Advocate Mr. Dheeraj Garg. The Tribunal found both appeals to be defective in their current form.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Indevar Pandey (Member Technical) directed the appellant's counsel to rectify all defects in the appeals within 48 hours. Following rectification, the Registry was instructed to list both appeals as 'Fresh' cases. The matters were scheduled for next hearing on Monday, June 15, 2026. The order was issued in hybrid mode.
Topics: Insolvency Appeal, Procedural Defects, NCLAT Order