Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), heard multiple connected appeals related to the insolvency proceedings of Tayo Rolls Ltd. The appeals were Comp. App. (AT) (Ins) No. 330 of 2025, Comp. App (AT) (Ins) No. 396 & 397 of 2025, Comp. App (AT) (Ins) No. 178 of 2025, and Comp. App (AT) (Ins) No. 369 of 2025, along with their respective interim applications.
The parties involved in these appeals include Suresh Narayan Singh (Appellant in two matters), Tata Steel Ltd. (Appellant in one matter), Jharkhand Bijli Vitran Nigam Ltd. (Appellant in one matter), Anish Agarwal (Resolution Professional of Tayo Rolls Ltd.), and Tayo Rolls Ltd. itself. Legal representation was noted for various parties, with Mr. Kumar Anurag Singh, Mr. Zain A. Khan, and Mr. Mohd. Abran Khan appearing for multiple respondents, and Mr. Arvind Thapliyal, Mr. Siddharth Pondey, and Mr. Daksh Jain appearing for Tata Steel Ltd. and other parties.
The proceedings were conducted in hybrid mode. The tribunal noted that there was "No time left" for hearing the matters substantively on the scheduled date.
Final Outcome
The NCLAT adjourned all connected appeals and listed them for next hearing on 25 November 2026. No substantive orders were passed, and the matters remain pending for hearing on the next date.
Topics: Insolvency Proceedings, Corporate Litigation, NCLAT