Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 14.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in an ongoing insolvency appeal. The appeal, registered as Company Appeal (AT) (Insolvency) No. 727 of 2024, is between Shark Mines & Minerals Pvt Ltd. (the Appellant) and Maithan Ispat Ltd. (the Respondent). The order, issued in hybrid mode, was passed by a three-member bench consisting of Justice Sharad Kumar Sharma (Member - Judicial), Arun Baroka (Member - Technical), and Indevar Pandey (Member - Technical). The legal representatives for the appellant were Mr. Aditya Narayan Tripathy and Mr. Kedar Nath Tripathy, Advocates. The respondent was represented by Mr. Saswat K. Acharya and Mr. Dhananjay Bhaskar Ray, Advocates.
Final Outcome
The bench ordered that the appeal be listed for its next hearing on 06.11.2026. This is a procedural adjournment, and no substantive decisions on the merits of the insolvency case were made in this order.
Topics: Insolvency Appeal, Steel Sector Dispute