Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1466 of 2026 between Mahavir Ship Breakers (Appellant) represented by Parkash Nautiyal and Ganga Ram Aggarwal, Liquidator of Leel Electricals Limited & Others (Respondents). The appellant sought urgent interim relief in their appeal against the liquidator of Leel Electricals Limited. After hearing arguments from both sides and reviewing the documents on record, the tribunal declined to issue any interim directions at this stage.
Final Outcome
The tribunal granted Respondent Nos. 2 & 3 one week to file their reply to the appeal and stay application, with an advance copy to the appellant's counsel. The appellant was granted one additional week to file a rejoinder if desired. Notice was issued to Respondent No. 3, with steps to be taken within three working days, including permission for service by hand (Dasti). The matter was listed for next hearing on 09.09.2026 under the caption "After Notice".
Topics: NCLAT, Corporate Insolvency