Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 25.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected insolvency appeals involving Saivi Finance Pvt. Ltd. and AKJ Metals Pvt. Ltd. The appeals were CA (AT) (Ins) No. 306 of 2025 (Saivi Finance Pvt. Ltd. vs. AKJ Metals Pvt. Ltd. & Anr.) and CA (AT) (Ins) No. 484 of 2025 along with I.A. No. 1838 of 2025 (AKJ Metals Pvt. Ltd. vs. Saivi Finance Pvt. Ltd.). The hearing was conducted in hybrid mode. For the appellant in CA 306/2025 (Saivi Finance), advocates Mr. Bishwajit Dubey, Mr. Kaustab Rai, Mr. Ankit Awasthi, and Mr. Aayush Dogra were present. Appearance for the respondents in this appeal was not marked. In the connected appeal CA 484/2025 (AKJ Metals), appearance for the appellant was not marked, while the same team of advocates (Mr. Bishwajit Dubey, Mr. Kaustab Rai, Mr. Ankit Awasthi, and Mr. Aayush Dogra) appeared for respondent No. 1 (Saivi Finance).
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned both appeals citing "No time left" as the reason. The matters have been listed for next hearing on 22.09.2026.
Topics: NCLAT, Insolvency Appeal, Adjournment