Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Insolvency) No. 1082 of 2024. The appeal was filed by Rare Assets Reconstruction Ltd. (Appellant) against Amit Pareek in his capacity as the Resolution Professional of National Plywood Industries Ltd., along with another respondent. The appeal relates to matters concerning the corporate insolvency resolution process of National Plywood Industries Ltd.
During the hearing conducted in hybrid mode, the appellant was represented by advocates Ms. Sonali Jain, Mr. Vinayak Mehrotra, Ms. Anjali Singariya, and Ms. Saday Mondol. The respondents were represented by CS Suraj Sharma (Advocate for Respondent-1), Mr. Shivam Gautam (Advocate for Respondent-2), and Mr. Amit Pareek appeared in person.
Final Outcome
The two-member bench comprising Justice N Seshasayee (Member-Judicial) and Arun Baroka (Member-Technical) ordered that the appeal be listed for hearing on August 19, 2026. No substantive decisions on the merits of the case were made in this order, which solely addressed the scheduling of the next hearing.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Restructuring