Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected insolvency appeals listed as Comp. App. (AT) (Ins) No. 120 of 2023, Comp. App. (AT) (Ins) No. 136 of 2023, and Comp. App. (AT) (Ins) No. 137 of 2023. The first appeal (No. 120 of 2023) is between Candid Resource Ltd. (Appellant) and Mahesh Agarwal & Others (Respondents). The subsequent appeals (Nos. 136 & 137 of 2023) are filed by the Committee of Creditors of M/S Hythro Power Corporation Ltd. (Appellant) against the Employees Provident Fund Organisation & Others (Respondents). The legal representation was noted with Mr. S.K. Sharma advocating for the Appellant in the first matter and for Respondent-2 in the subsequent matters, while Mr. R.P. Vats, Mr. Apoorv Sarvaria, Ms. Yashika Sarvaria, and Mr. Saurav Ranjan advocated for Respondents 3 to 8 & 10 in the first matter and for the Appellant in the subsequent matters. The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted that no time was left for hearing the matters on the scheduled date.
Final Outcome
The Tribunal adjourned the hearing of all three appeals and listed them for the next hearing on 21.08.2026.
Topics: Insolvency Appeals, NCLAT, Adjournment