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2026 Supreme(Online)(NCLT) 2055

NATIONAL COMPANY LAW TRIBUNAL
SUBHASH GANPATRAO BUTY HUF THROUGH ITS KARTA SUBHASH GANPATRAO BUTY – Appellant
Versus
PANKAJ BHATTAD RESOLUTION PROFESSIONAL OF GIGEO CONSTRUCTION COMPANY PRIVATE LIMITED – Respondent


Advocates:
For the Petitioner:Shawn Fernandes
For the Respondent:Utsav Mukherjee

MUMBAI BENCH, COURT-I I.A. NO. 5337 OF 2025 IN Under section 60(5) of the Insolvency and Bankruptcy Code, 2016 In the matter of OMKARA ASSET RECONSTRUCTION PRIVATE LIMITED ….Financial Creditor Versus GIGEO CONSTRUCTION COMPANY PRIVATE LIMITED ....Corporate Debtor And In the matter of SUBHASH GANPATRAO BUTY (HUF THROUGH ITS KARTA, SUBHASH GANPATRAO BUTY)

….Applicant Versus MR. PANKAJ BHATTAD (RESOLUTION PROFESSIONAL OF GIGEO CONSTRUCTION CO.

PVT. LTD.)

….Respondent Order Pronounced as on 21.04.2026 Coram:

Sh. Prabhat Kumar Sh. Sushil Mahadeorao Kochey Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances:

For the Applicant : Ms. Prachi Wazalwar For the Respondent Resolution Professional : Mr. Utsav Mukherjee

ORDER

Brief facts of the case

1. This Interlocutory Application, being I.A. No. 5337 of 2025, has been filed on 16.11.2025 by Mr. Subhash Ganpatrao Buty, Karta of a Hindu Undivided Family (hereinafter referred to as the “Applicant”), in the Corporate Insolvency Resolution Process (“CIRP”) of Gigeo Construction Company Private Limited (hereinafter referred to as the “Corporate Debtor”). The present Application has been filed seeking, following reliefs/directions against Mr. Pa

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