Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
The order pertains to two appeals: Comp. App. (AT) (Ins) No. 1038 of 2026 and Comp. App. (AT) (Ins) No. 1039 of 2026. In No. 1038, the appellant is Pashupati Corporation, identified as the Successful Bidder of Gouri Iron & Steel Private Limited, and the respondents are Rakesh Dugar and Another. In No. 1039, the appellants are Gouri Iron and Steel Private Limited & Another, and the respondents are Rakesh Dugar and Another. The nature of the proceedings is corporate insolvency, but specific allegations, disputes, or background details are not provided in this order. The order was issued in hybrid mode, with legal representation noted for both parties.
Final Outcome
The NCLAT directed that the appeals be listed for hearing on 16.10.2026 as the first case on the board. This decision was made due to the urgency shown by the appellant and an adjournment sought by the respondent. The order is purely procedural and does not involve any penalties, settlements, or substantive rulings.
Topics: Insolvency, Legal Proceedings