Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1524 of 2026, an appeal filed by Prateek Infra Projects India Pvt. Ltd. (Appellant) against respondents Gyan Chandra Misra (Respondent No. 1) and another party (Respondent No. 2). The Tribunal, after hearing learned counsel for both parties and perusing the record, determined that the matter requires consideration. Representing the parties were Mr. Alok Dhar and Mr. Nipun Gupta for the Appellant; Mr. Sajeve Deora for Respondent No. 1; and Mr. Vishesh Singhal for the Resolution Professional (Respondent No. 2). Mr. Rishi Singhal and Ms. Reema Khannotra also appeared for Respondent No. 2.
Final Outcome
The Tribunal admitted the appeal for consideration and granted the respondents time to file their replies. Respondent No. 1 and Respondent No. 2/Resolution Professional were granted two weeks to file their replies, with an advance copy to be provided to the Appellant. The Appellant was subsequently granted one week to file a rejoinder, if desired. The matter was adjourned and listed for the next hearing under the caption 'For Admission (After Notice)' on 23 September 2026. The order was passed by a bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
Topics: Insolvency Appeal, NCLAT Procedure