Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in an insolvency appeal. The appeal, registered as Comp. App. (AT) (Ins) No. 1030 of 2026, has been filed by SGN Universal Construction Co. Pvt. Ltd. (the Appellant) against Bhuvan Madan, who is identified as the Interim Resolution Professional (the Respondent). The order was passed in a hybrid hearing mode. The legal representation for the Appellant was Mr. Gaurav Mitra, Senior Advocate, along with Ms. Aishwarya Modi Seth and Mr. Rishi Jaiswal, Advocates. The Respondent was represented by Mr. Sagar Dhawan, Mr. Vaijayant Paliwal, Mr. Nikhil Mathur, Mr. Aditya Marwah, Ms. Kirti Gupta, and Ms. Diksha Sharma, Advocates. The bench comprised Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member - Technical).
Final Outcome
The tribunal did not adjudicate on the merits of the appeal but issued a directive to list the matter for its next hearing on 11th August 2026. The order is purely procedural and schedules a future date for the proceedings to continue.
Topics: Insolvency Appeal, NCLAT, Procedural Order