Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 984 of 2025 involving Delta Iron and Steel Company Pvt. Ltd. (through successful auction purchaser Kalinga Metalics Ltd.) as the appellant and Karu Metals Pvt. Ltd. as the respondent. The appeal concerns insolvency proceedings, with Kalinga Metalics Ltd. having acquired Delta Iron and Steel Company through an auction process. The matter was heard in hybrid mode by a three-member bench consisting of Officiating Chairperson Justice Yogesh Khanna, Member (Technical) Mr. Barun Mitra, and Member (Technical) Mr. Ajai Das Mehrotra. No representatives appeared for either the appellant or respondent during the proceeding.
Final Outcome
The NCLAT adjourned the hearing and listed the appeal for the next hearing on November 19, 2026. The matter remains pending before the tribunal.
Topics: Insolvency Appeal, NCLAT Proceeding, Metal Companies