Mahavir Ship Breakers Leel Electricals Liquidation Appeal Adjourned

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 11.08.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1466 of 2026, an appeal filed by Mahavir Ship Breakers through its authorized representative Parkash Nautiyal against Ganga Ram Aggarwal (Liquidator of Leel Electricals Limited) and other respondents. The appeal relates to insolvency proceedings concerning Leel Electricals Limited, which is under liquidation. The matter was heard in hybrid mode before a bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).

Final Outcome

The NCLAT adjourned the appeal to August 14, 2026, under the same caption, citing "No time left" as the reason for adjournment. The matter remains pending before the tribunal.

Topics: Insolvency Appeal, NCLAT Proceeding, Liquidation Dispute