Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 31, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Insolvency) No. 1437 of 2026 along with I.A. No. 5575 of 2026. The appeal involves Bhushan Power and Steel Ltd. as the Appellant versus Nova Iron and Steel Ltd. & Anr. as the Respondents. The proceedings were conducted in hybrid mode. Legal representation included Mr. Krishnendu Datta, Senior Advocate with Mr. Himanshu Satija, Ms. Alina Merin Mathew, and Mr. Rohan S. Nandy for the Appellant, and Mr. Aalok Jain for the Respondents. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The NCLAT granted the Appellant's request for an adjournment and rescheduled the hearing. The appeal is now listed for September 25, 2026, under the same category. No substantive decisions on the merits of the case were made in this order.
Topics: NCLAT Proceedings, Corporate Insolvency, Hearing Adjournment