Case Details

Case Name: Phoenix ARC Pvt. Ltd. vs Sagar Power (Dandela) Limited and Phoenix ARC Pvt. Ltd. vs Bhoruka Power Corporation Limited

Court/Authority: National Company Law Appellate Tribunal at Chennai

Case Numbers: Company Appeal (AT) (CH) (Ins) No. 52/2026 and Company Appeal (AT) (CH) (Ins) No. 53/2026

Application Numbers: IA No. 703/2026 and IA No. 704/2026

Date of Order: 02 June 2026

Parties Involved

Appellant: Phoenix ARC Pvt. Ltd.

Respondents: Sagar Power (Dandela) Limited and Bhoruka Power Corporation Limited

Legal Representatives for Appellant: Ms. Madhupreetha Elango, Ms. Meghana Shivakumar, Mr. Khyati Mehrotra & Ms. Chitra Rentala, Advocates

Legal Representatives for Respondents: Mr. T. K. Bhaskar, Advocate for Mr. Arun Karthik Mohan, Ms. Amritha Sathyajith, Mr. Spandan Biswal, Mr. Satyajit Sarna, Mr. Sudev Singh Juneja & Mr. Shivendra Pandey, Advocates

Tribunal Members: Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical)

Issues / Allegations / Violations

The Appellant, Phoenix ARC Pvt. Ltd., filed applications (IA No. 703/2026 and IA No. 704/2026) seeking advance hearing of two company appeals. The applications cited common grounds for expeditious hearing, with specific reasons outlined in Paragraphs 2.7 and 2.9 of the applications.

Findings & Observations

The Tribunal examined the reasons provided for expedited hearing and concluded that there was no justification to take up the company appeals out of turn. The Tribunal found the grounds pleaded by the Appellant to be common in nature but insufficient to warrant priority hearing.

Penalties / Settlements / Directions

The applications for advance hearing (IA No. 703/2026 and IA No. 704/2026) were rejected. The Tribunal directed that the company appeals be listed on the date already fixed.

Final Ruling & Enforcement

The Tribunal ordered both appeals to be listed on 30 June 2026 under the caption 'For Admission (After Notice)'. The order maintains the original scheduling of the appeals without any acceleration of the hearing process.