Gaurang Nipinbhai Nagarsheth, the ex-director/shareholder of Poggenamp Nagarsheth Powertronics Pvt Ltd, filed a Civil Appeal against POSCO-India Pune Processing Center Pvt Ltd and Another. The appeal challenged an order by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No 214 of 2020. The Supreme Court dismissed the Civil Appeal, indicating agreement with the NCLAT's decision. The relevance of the facts lies in the challenge to the NCLAT's order concerning insolvency proceedings.

Gaurang Nipinbhai Nagarsheth, the ex-director/shareholder of Poggenamp Nagarsheth Powertronics Pvt Ltd, filed a Civil Appeal against POSCO-India Pune Processing Center Pvt Ltd and Another. The appeal challenged an order by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No 214 of 2020. The Supreme Court dismissed the Civil Appeal, indicating agreement with the NCLAT's decision. The relevance of the facts lies in the challenge to the NCLAT's order concerning insolvency proceedings.