Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 03.08.2026
Case Overview
This is a procedural order in an appeal filed by Bharat Heavy Electricals Limited (BHEL) against respondents Hitesh Goel (the Resolution Professional) and Bhadreshwar Vidyut Pvt. Ltd. The appeal is registered as Company Appeal (AT) (CH) (Ins) No. 630/2025, with connected Interlocutory Applications IA Nos. 1749 & 1750/2025. The learned counsel for the Successful Resolution Applicant (SRA) submitted that the resolution plan for the corporate debtor has already been fully implemented. The appellant's (BHEL's) appeal is perceived as an attempt to reopen this implemented plan.
Final Outcome
The Tribunal granted the appellant, BHEL, an extension of time until Friday, 07.08.2026, to file its rejoinder. Both sides were directed to submit their respective notes of submissions. The matter was listed for final hearing on 08.09.2026. The final ruling on the appeal is pending.
Topics: Corporate Insolvency, NCLAT Appeal, Resolution Plan