Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 10th July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing Company Appeal (AT) (Insolvency) No. 875 of 2024 along with I.A. No. 3155 of 2024. The appeal was filed by Petroserv Corporation FZC (Appellant) against John Energy Ltd (Respondent). The matter pertains to insolvency proceedings. During the hearing conducted in hybrid mode, the learned counsel for the appellant informed the tribunal that the parties are in the process of settling the matter. Consequently, they requested a short date for the next hearing.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, adjourned the appeal. The matter was listed for the next hearing on 2nd September, 2026. No other directions or observations were recorded in the order.
Topics: Insolvency Appeal, NCLAT, Settlement