Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Ins) No. 117 of 2026 along with I.A. Nos. 435 and 436 of 2026. The appeal was filed by Satish Chandra Gupta, a director of Ramnath Housing Pvt. Ltd., against Housing and Urban Development Corporation Limited (HUDCO) and another respondent. The proceedings involve corporate insolvency matters concerning Ramnath Housing Pvt. Ltd. The appellant's counsel argued that discontinuing the interim order dated 06 April 2026 would cause immediate prejudice to the appellant.
Final Outcome
Due to paucity of time, the appeal could not be heard on the scheduled date. The NCLAT directed that the matter be listed on 12 October 2026 for further hearing. The interim order dated 06 April 2026 will continue to operate until the next date of listing, thereby maintaining protective measures for the appellant until the hearing.
Topics: Insolvency Proceedings, Interim Relief, Corporate Litigation