Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard four interconnected company appeals related to the insolvency proceedings of Tayo Rolls Ltd. The appeals were:
1. Comp. App. (AT) (Ins) No. 330 of 2025 & I.A. No. 1252, 6172 of 2025: Suresh Narayan Singh vs. Anish Agarwal (Resolution Professional of Tayo Rolls Ltd.) & Others
2. Comp. App (AT) (Ins) No. 396 & 397 of 2025 & I.A. No. 1482, 1483, 1485, 1486 of 2025: Tata Steel Ltd. vs. Tayo Rolls Ltd. & Others
3. Comp. App. (AT) (Ins) No. 178 of 2025 & I.A. No. 710, 1963 of 2025: Jharkhand Bijli Vitran Nigam Ltd. vs. Tayo Rolls Ltd. & Others
4. Comp. App. (AT) (Ins) No. 369 of 2025 & I.A. No. 1380, 6173 of 2025: Suresh Narayan Singh vs. Tata Steel Ltd. & Another
The bench noted that there was "no time left" to hear the matters on the current date.
Final Outcome
The NCLAT adjourned all four appeals and listed them for hearing on September 29, 2026. No substantive orders were passed on the merits of the cases.
Topics: Insolvency Proceedings, Corporate Litigation