Authority: National Company Law Appellate Tribunal, Principal Bench
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard part of the arguments in Company Appeal (AT)(Ins) No.1646/2024. The appeal was filed by Chandor Engineering and Trading Co Pvt Ltd (Appellant) against ESS Sriramachandra Murthy, who is the Liquidator of Margagoa Steel Ltd (Respondent).
The appellant was represented by Mr. Kunal Tandaon (Senior Advocate) along with advocates Mr. Sinha Shrey Nikhilesh, Mr. Parth Davar, Mr. Swastik Verma, Ms. Natasha Singh, and Ms. Shreni Taran. The respondent was represented by advocates Ms. Anjali Sharma, Ms. Ragini Vinaik, and Mr. Daravajan R.
The hearing was conducted in hybrid mode, and after hearing part of the arguments from the appellant's senior counsel, the bench decided to adjourn the proceedings.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Member - Judicial) and Mr. Ajai Das Mehrotra (Member - Technical) adjourned the hearing and listed the appeal for further arguments on July 31, 2026, noting it should be placed "high on board" for priority hearing. No substantive decision on the merits of the case was made in this order.
Topics: Insolvency Proceedings, NCLAT Hearing