Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard arguments in part in Company Appeal (AT) (Insolvency) No. 418 of 2026. The appeal was filed by Power Trust (Appellant) against Bhuvan Madan, the Resolution Professional of Hiranmaye Energy Ltd., and Others (Respondents). The matter involves insolvency proceedings related to Hiranmaye Energy Ltd. Senior counsel for both parties appeared before the three-member bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT adjourned the hearing and listed the appeal for further arguments on 1 October 2026 at 2:00 PM. The tribunal ordered that the interim order currently in place shall continue until the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation