Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 2, 2026
Case Overview
This is an appeal filed by Satish Chandra Gupta, Director of Ramnath Housing Pvt. Ltd., against Housing and Urban Development Corporation Limited (HUDCO) and another respondent. The case is registered as Company Appeal (AT) (Insolvency) No. 117 of 2026 along with I.A. Nos. 435 and 436 of 2026. The matter involves insolvency proceedings, with Mr. Brajesh Kumar Shukla, Mr. Aditya Shukla, and Mr. Rakesh Bajaj representing the appellant, and Mr. Prateek Kushwaha representing Respondent-2.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) issued procedural directions. Both parties are required to file written notes of submissions along with a list of authorities by the next hearing date. Respondent No. 1 was specifically permitted to file the hardcopy of their reply. The Resolution Professional has filed a status report. The appeal has been listed for next hearing on July 31, 2026, and the interim order has been directed to continue until then.
Topics: Insolvency Proceedings, Corporate Litigation, NCLAT Order