Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals concerning Hiranmaye Energy Limited. Company Appeal (AT) (Insolvency) No. 476 & 477 of 2026 was filed by Rankini Power Generation Limited as the Appellant against Bhuvan Madan (Resolution Professional of Hiranmaye Energy Limited) & Others as Respondents. Company Appeal (AT) (Insolvency) No. 418 of 2026 was filed by Power Trust as the Appellant against Bhuvan Madan (Resolution Professional of Hiranmaye Energy Limited) & Others as Respondents. The appeals appear to challenge aspects of the corporate insolvency resolution process of Hiranmaye Energy Limited. Multiple senior advocates represented the parties in both appeals.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Barun Mitra (Member-Technical) adjourned both appeals for further hearing. The matters are listed to be heard on 23rd July 2026 at 02:00 PM. If the hearing remains incomplete on that date, it shall be posted to 27th July 2026 at 02:00 PM. The interim order already granted in the matter shall continue until the next date of hearing.
Topics: Insolvency Proceedings, NCLAT Appeal, Corporate Litigation