Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, has listed Company Appeal (AT) (Insolvency) No. 1817 of 2025 for hearing. The appeal has been filed by Gujarat Industrial Development Corporation (GIDC) as the appellant against Masoom Yumus Patel, Proprietor of Panam Transport & Anr. as respondents. The matter involves insolvency proceedings under the Insolvency and Bankruptcy Code. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT has directed that the appeal be listed for hearing on October 7, 2026, and specified that it should be placed "high on board" indicating priority in the hearing list. The order was passed in hybrid mode, allowing both physical and virtual appearances.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation