Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 02.11.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical), heard matters related to Company Appeal (AT) (Insolvency) No. 418 of 2026. The appeal is filed by Power Trust (Appellant) against Bhuvan Madan (Resolution Professional of Hiranmaye Energy Ltd.) and Other Respondents. The matter involves insolvency proceedings concerning Hiranmaye Energy Ltd.
Multiple legal representatives appeared for the parties:
- For Appellant: Mr. Joy Saha and Mr. Krishnendu Datta, Senior Advocates, along with Mr. Pranjit Bhattacharya, Ms. Nitya Prabhakar, Ms. Shambhavi Tripathi, Ms. Urmila Chakrobrty, and Mr. Yash Tandon, Advocates
- For Respondents: Mr. Gopal Jain, Senior Advocate with team for Respondent-1; Mr. Abhinav Vasisht, Senior Advocate with team for Respondent-2; Mr. Arun Kathpalia, Senior Advocate with team for DVC
The hearing was conducted in hybrid mode.
Final Outcome
The NCLAT bench ordered the appeal to be listed for hearing on 04.11.2026 at 12:00 Noon. The interim order previously granted in the matter was directed to continue until the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation