Mahavir Ship Breakers NCLAT Appeal Denied Interim Relief

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

Order Date: 14.08.2026

Case Overview

The appeal was filed by Mahavir Ship Breakers, through its authorized representative Parkash Nautiyal, against Ganga Ram Aggarwal, the Liquidator of Leel Electricals Limited, and others. The appellant's counsel argued for an interim order based on exigency or urgency. After hearing the submissions and perusing the records, the tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), declined to issue any interim directions at this stage.

Final Outcome

The tribunal issued a notice to Respondent No. 3. The appellant was permitted to serve this respondent by hand (Dasti), with steps to be completed within three working days. Counsel for the liquidator (Respondent No. 2) was granted one week to file a reply to the appeal and the stay application. The appellant was given a subsequent week to file a rejoinder if desired. The appeal was listed for the next hearing on 09.09.2026 under the caption "After Notice".

Topics: NCLAT, Insolvency Appeal, Interim Relief