Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 31 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Ins) No. 233-235 of 2024 along with I.A. No. 793 and 794 of 2024. The appeal was filed by TBEA Energy India Pvt. Ltd. as the appellant against respondents Isolux Corsan India Engineering & Construction Pvt. Ltd. & Anr. The matter appears to relate to insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in hybrid mode before a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical). Multiple advocates represented the respondents: Mr. Abhinav Mishra, Archisha Singh, Mr. Priyanshu Singh, Mr. Hardik Dimania, Ms. Swati Srivastava, and Mr. Raman Juneja appeared for Respondent-1, while Mr. Akash Tyagi appeared for Respondent-2.
Final Outcome
The NCLAT bench issued a purely procedural order adjourning the matter and listing it for the next hearing on 16 September 2026. No substantive ruling was made on the merits of the appeal, and the case remains pending before the tribunal.
Topics: Insolvency Appeal, NCLAT Proceeding