Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 06.10.2026
Case Overview
This is an interim application (I.A. No. 159 of 2025) within a company appeal (Comp. App. (AT) (Ins.) No. 662 of 2024). The appellant is Topworth Urja & Metals Ltd., represented by its Resolution Professional, Avil Menezes. The respondent is the Directorate of Industries, Government of Maharashtra. The respondent's counsel had previously sought time to file a reply on August 19, 2026, but had failed to do so by the date of this order. Consequently, the tribunal decided to issue a notice to compel a response.
Final Outcome
The NCLAT issued two key directions. First, it ordered that a notice be issued to the Resident Commissioner of Maharashtra in New Delhi to appoint a counsel for the matter. Second, it directed the appellant, Topworth Urja & Metals Ltd., to file a list of assets belonging to the respondent (Directorate of Industries) along with an affidavit confirming the assets were identified after due diligence. The matter was adjourned and listed for the next hearing on December 9, 2026.
Topics: NCLAT Proceeding, Government Litigation, Corporate Insolvency