Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected appeals related to the insolvency resolution process of Gigeo Construction Company Pvt. Ltd. The appeals are Comp. App. (AT) (Ins) No. 660 of 2026 (filed by Subhash Ganpatrao Buty HUF through its Karta, Subhash Ganpatrao Buty) and Comp. App. (AT) (Ins) No. 1465 of 2025 (filed by Durga Changanlal Patel). Both appeals are against Pankaj Bhattad, who serves as the Resolution Professional of Gigeo Construction Company Pvt. Ltd., along with other respondents. The proceedings were conducted in hybrid mode, with legal representation from multiple advocates for both appellants and respondents.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical) issued a procedural directive ordering all parties to complete their pleadings by the next date of listing. The bench explicitly stated that no further time for this purpose would be granted in the future. The matter has been listed for further hearing on September 9, 2026.
Topics: Insolvency Proceedings, NCLAT Appeals, Corporate Litigation