Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench issued a procedural order addressing four interconnected appeal cases involving MSTC Ltd. as appellant against SPS Steel Rolling Mills Ltd. and Crest Steel & Power Ltd./Crest Steel & Power Pvt. Ltd. as respondents. The cases include Comp. App. (AT) (Ins) No. 533 of 2019 with I.A. No. 2447 of 2021, Comp. App. (AT) (Ins) No. 944 of 2022 with I.A. No. 2679 of 2022, Comp. App. (AT) (Ins) No. 27 of 2022 with I.A. No. 90 of 2022, and Comp. App. (AT) (Ins) No. 913 of 2021 with I.A. No. 2458 of 2021. Legal representation included Mr. Abhijeet Sinha, Senior Advocate with Ms. Pallavi Pratap, Mr. Saikat Sarkar, Ms. Anupriya Dixit and Ms. Nikita Kumari for MSTC Ltd.; Mr. Anup Kumar, Mrs. Neha Jaiswal, Ms. Arshi, Ms. Anchit and Mr. Shivam Kumar for SPS Steel; and Mr. Nakul Sachdeva, Mr. Abhinandan Sharma and Mr. Karan Sharma for Crest Steel entities.
Final Outcome
The Tribunal adjourned all appeals to July 27, 2026 at 2:00 PM based on mutual agreement between all parties' counsel. All parties committed that no adjournments would be sought on the new date. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
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