Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 03.08.2026
Case Overview
This is a procedural order in an appeal filed by Bharat Heavy Electricals Limited (BHEL), the appellant, against respondents Hitesh Goel (the Resolution Professional of Bhadreshwar Vidyut Pvt. Ltd.) and Bhadreshwar Vidyut Pvt. Ltd. itself. The appeal challenges a resolution plan that has already been implemented. The counsel for the Successful Resolution Applicant (SRA) argued that the plan has been fully implemented and that the appeal, in essence, seeks to reopen it.
Final Outcome
The Tribunal did not rule on the merits of the appeal. It issued procedural directions, granting the appellant, BHEL, time until Friday, 07.08.2026, to file a rejoinder. Both sides were required to submit their respective notes of submissions. The matter was listed for a final hearing on 08.09.2026.
Topics: Insolvency Appeal, Procedural Hearing, Resolution Plan