NCLAT Lists Phoenix ARC Appeals Against Power Companies

Authority: National Company Law Appellate Tribunal, Chennai Bench

Order Date: 06 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected appeals. The appellant in both cases is Phoenix ARC Pvt. Ltd., an asset reconstruction company. The first appeal (Company Appeal (AT) (CH) (Ins) No. 52/2026) is against Sagar Power (Dandela) Limited. The second appeal (Company Appeal (AT) (CH) (Ins) No. 53/2026) is against Bhoruka Power Corporation Limited. The nature of the underlying dispute or the specific grounds for the appeals are not detailed in this procedural order. The legal representation for the appellant is Mr. Adarsh Ramanujan, Advocate, and for the respondent(s) is Mr. Arun Karthik Mohan, Advocate. The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).

Final Outcome

The Tribunal ordered that both appeals be listed for hearing on 25 September 2026 under the caption 'For Hearing'. This order is purely procedural and does not constitute a ruling on the merits of the cases.

Topics: NCLAT Proceedings, Corporate Insolvency, Power Sector