Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22 September 2026
Case Overview
This is a procedural order in an ongoing insolvency appeal. The appellant is Revive Realty Ltd. The respondents include Kamal Kishore Gurnani, described as the Erstwhile Resolution Professional of Pranav Construction System Pvt. Ltd., along with other parties. The appeal is registered as Comp. App. (AT) (Ins) No. 381 of 2024, and this specific interim application is I.A. No. 6517 of 2026 within that appeal. Legal representation was present for both sides: Mr. Pranjit Bhattacharya, Ms. Nitya Prabhakar, and Ms. Shambhavi Tripathi appeared for the appellant (Revive Realty Ltd.). For the respondents, Mr. Kushal Bansal appeared for Respondent 2, while a larger group of advocates (Mr. J. Rajesh, Mr. Dhrupad Vaghani, Mrs. Gayatri Mohite, Adv. Ashwath Reddy, Mr. Yashwardhan Aggarwal, Md. Arsalan Ahmed, and Mr. Ali Abbas Masoodi) appeared for Respondent 4.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Indevar Pandey (Member - Technical), issued a simple listing order. The appeal is scheduled to be heard next on 30 September 2026. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT Procedure, Real Estate