Authority: National Company Law Tribunal, New Delhi, Court IV
Order Date: July 9, 2026
Case Overview
This order from the National Company Law Tribunal (NCLT) addresses a clarification in the matter of Rathi Powertech Global Pvt Ltd (Applicant) vs. Hannu Steel Pvt Ltd (Respondent) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The case item number is 202 IB/567/ND/2025. The Adjudicating Authority noted that the Respondent, Hannu Steel Pvt Ltd, had filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which was registered as Comp. App. (AT) (Ins.) No. 124 of 2026. During a hybrid hearing (physical and video conference), learned counsel for both parties were present and submitted that the NCLAT, via its order dated July 6, 2026, had granted the appellant (Hannu Steel) one final opportunity to file its reply before the NCLT. This opportunity was granted subject to appropriate conditions and within a time-bound period.
Final Outcome
Based on the NCLAT's order, the NCLT de-reserved the matter. The registry was directed to list the case before the Regular Bench for further proceedings on August 3, 2026. The order was signed by Hon'ble Member (Technical) Shri Atul Chaturvedi and Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram.
Topics: Insolvency Proceeding, NCLAT Order, Corporate Debt