Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by customs authorities against the resolution professional of Uttam Galva Steels Ltd. The first appeal (Company Appeal (AT) (Insolvency) No. 09 of 2023) was filed by the Deputy Commissioner of Customs DEEC (MC) Export Commissionerate against Milind Kasodekar (Resolution Professional of Uttam Galva Steels Ltd.) and other respondents. The second appeal (Company Appeal (AT) (Insolvency) No. 269 of 2023) was filed by the Assistant Commissioner of Customs against the same respondents. Both appeals appear to challenge aspects of the corporate insolvency resolution process of Uttam Galva Steels Ltd.
During the hearing, the appellants in the first case were represented by advocates Mr. Gibran Naushad, Mr. Suraj Shekhar Singh, Mr. Hasan Haider, and Mr. Anish Mishra. The respondents were represented by multiple advocates: Mr. Siddharth Ranade, Ms. Nishi Bhankharia, Mr. Shahid Khan, and Ms. Monika Bansal for Respondent-1; Ms. Siddhant Kant and Ms. Moulshree Shukla for Respondent-2; and Mr. Vishal Gehrana and Mr. Varun Khanna for Respondent-3. In the second appeal, the appellant (Assistant Commissioner of Customs) had no representation, while the respondents had the same legal representation as in the first appeal.
The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) heard the matters in hybrid mode.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for next hearing on October 13, 2026. No substantive orders were passed on the merits of the cases, and the matters remain pending before the tribunal.
Topics: Insolvency Proceedings, Customs Claims, NCLAT Adjournment