# Loknath Prasad Gupta (Member of the Suspended Board of Directors of Raja Udyog Private Limited) vs. Dinesh Chand & Ors.

> NCLAT judgment dated 2026-08-04. Citation: TCN-2026-NCLAT-00248. An appeal (Comp. App. (AT) (Ins) No. 1332 of 2026) was heard by the National Company Law…

- **Court:** NCLAT
- **Order date:** 4 Aug 2026
- **Citation:** TCN-2026-NCLAT-00248
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/loknath-prasad-gupta-member-of-the-suspended-board-of-directors-of-raja-udyog-pr-zewd5

## Summary

### Background

An appeal (Comp. App. (AT) (Ins) No. 1332 of 2026) was heard by the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appellant is Loknath Prasad Gupta, a member of the Suspended Board of Directors of Raja Udyog Private Limited, and the respondents are Dinesh Chand & Ors.

## Facts

The case is an appeal, Comp. App. (AT) (Ins) No. 1332 of 2026, before the National Company Law Appellate Tribunal, Principal Bench, New Delhi.

Loknath Prasad Gupta, a member of the Suspended Board of Directors of Raja Udyog Private Limited, is the appellant.

Dinesh Chand & Ors. are the respondents in the matter.

Mr. Joy Saha, Sr. Adv., along with Mr. Patita Paban Bishwal, Ms. Tanvi Luhariwala, and Ms. Swastika Roy, appeared for the appellant.

Mr. Aishwarya Kumar Awasthi appeared as counsel for Respondent No. 1, 2, and 3.

Mr. Abhijeet Jain appeared for the Interim Resolution Professional (IRP).

On August 4, 2026, the matter was heard in Hybrid Mode.

…

## Parties

- **Judges:** Mohammad Faiz…; Naresh Sa…
- **Appellants:** Loknath Prasad…
- **Respondents:** Raja Udyog…; Dinesh…
- **Other parties:** Loknath Prasad…; Abhijeet…
- **Advocates:** Joy S…; Patita Paban…; +3 more

## Timeline

- **2026-08-04 — Hearing and…**: Arguments were heard and concluded. Counsel for respondents confirmed filing Vakalatnama…

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