Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06.10.2026
Case Overview
This order addresses two connected appeals: Comp. App. (AT) (Ins) No. 1707 of 2026 filed by Godawri Capital Pvt. Ltd. & Anr. and Comp. App. (AT) (Ins) No. 1708 of 2026 filed by Sawalka Autotech Pvt. Ltd. The appeals are directed against an order(s) passed by Jalesh Kumar Grover, the Resolution Professional for Grandstar Reality Pvt. Ltd. The appellants, represented by Mr. Rohit Gandhi and others, expressed certain apprehensions regarding the impugned order. The respondent Resolution Professional was represented by Mr. Abhishek Anand and others.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), found that the matter requires consideration. The tribunal issued formal notice to the respondents, directing that steps for service be completed within three working days. The appeals were listed for the next hearing on November 19, 2026, under the caption 'After Notice'. Granting interim relief based on the appellants' apprehension, the tribunal ordered that any further action under the impugned order shall remain stayed until the final disposal of the appeal.
Topics: Corporate Insolvency, NCLAT Proceedings, Interim Stay