Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: July 27, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Ajai Das Mehrotra (Member (Technical)), heard two interconnected appeals related to the corporate insolvency resolution process of Hiranmaye Energy Limited.
The first appeal, Comp. App. (AT) (Ins) No. 476 & 477 of 2026, was filed by Rankini Power Generation Ltd. as the Appellant against Bhuvan Madan (Resolution Professional of Hiranmaye Energy Limited) & Others as Respondents. The second appeal, Comp. App. (AT) (Ins) No. 418 of 2026, was filed by Power Trust as the Appellant against Bhuvan Madan (Resolution Professional of Hiranmaye Energy Ltd.) & Others as Respondents.
Senior advocates and multiple legal representatives appeared for the various parties involved. Mr. Gopal Jain, Sr. Advocate, along with a team of advocates, represented the Interim Resolution Professional/Respondent 1. Different sets of advocates represented other respondents, including representation for R-4/DVC (Damodar Valley Corporation) in the first appeal and R-3/DVC in the second appeal.
Final Outcome
The tribunal ordered that both appeals be listed next for hearing on August 13, 2026, at 2:00 PM. The bench specifically noted that any interim orders previously granted in these matters shall continue to remain in effect until the next hearing date.
Topics: Insolvency Proceedings, Power Sector Dispute