Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1173 of 2025, an appeal filed by Rimjhim Ispat Ltd. against the Liquidator of Abhinav Steel and Power Ltd. and other respondents. The appeal relates to insolvency proceedings concerning Abhinav Steel and Power Ltd. Multiple legal representatives appeared for both parties: Mr. Syed Shahid Husain Rizvi and Mr. Zeeshan Rizvi represented the appellant Rimjhim Ispat Ltd., while Liquidator Adya Singh represented the first respondent, with additional counsel appearing for other respondents.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical) adjourned the hearing of the appeal to November 23, 2026, citing lack of available time on the current hearing date. No substantive discussion or ruling on the merits of the case occurred during this hearing.
Topics: Insolvency Appeal, NCLAT Proceeding, Steel Sector