Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 28 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected company appeals filed by Bharat Heavy Electricals Ltd. (BHEL).
In Company Appeal (AT) (Ins) No. 500 of 2024, BHEL is the appellant challenging orders related to the liquidation of Sunil Hitech Engineers Ltd., where Avil Menezes serves as the liquidator. BHEL was represented by advocates Mr. Shyam D. Nanda and Mr. Rohit Bohra. The respondent liquidator was represented by multiple advocates including Mr. J. Rajesh, Mr. Dhrupad Vaghani, and Ms. Gayatri Mohite.
In the connected Company Appeal (AT) (Ins) No. 633 of 2024, BHEL is also the appellant, this time challenging orders related to the liquidation of U.B. Engineering Ltd., where Sanjeev Maheshwari serves as the liquidator. BHEL was represented by Dr. Mayuri Raghuvanshi and a team of advocates including Mr. Vyom Raghuvansi and Ms. Akanksha Rathore. The respondent liquidator was represented by advocates Mr Ravi Raghunath and Ms. Anoushka Naveen.
The proceedings were conducted in hybrid mode before a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The NCLAT bench listed both company appeals for the next hearing on 19 November 2026. No substantive decisions on the merits of the appeals were made in this order, which served only to schedule the matters for future hearing.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation