Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard two connected appeals involving Saivi Finance Pvt. Ltd. and AKJ Metals Pvt. Ltd. The matters are Comp. App. (AT) (Ins) No. 306 of 2025 (Saivi Finance vs AKJ Metals & Anr.) and Comp. App. (AT) (Ins) No. 484 of 2025 along with I.A. No. 1838 of 2025 (AKJ Metals vs Saivi Finance). The appeals represent cross-appeals between the two companies. The hearing was conducted in hybrid mode. For Appellant Saivi Finance in the first appeal, advocates Mr. Bishwajit Dubay, Mr. Kaustubh Rai, and Mr. Akshit Awasthi appeared. The respondents' appearance was not marked. In the second appeal, the appellant's appearance was not marked, while the same advocates represented Respondent Saivi Finance.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned both appeals to July 27, 2026, citing "no time left" for hearing the matters on the current date. No substantive proceedings, arguments, or decisions on merits were recorded in this order.
Topics: NCLAT Proceedings, Corporate Legal Dispute, Adjournment