Authority: National Company Law Tribunal, New Delhi Principal Bench (Single)
Order Date: 10.07.2026
Case Overview
The National Company Law Tribunal (NCLT) heard a transfer application filed by Arcelormittal Nippon Steel India Private Limited against Gujarat Operational Creditors Association and Others. The matter is registered as TA (IBC) - 23(PB)/2026. During the hearing, Senior Counsel Mr. Neeraj Kishan Kaul appearing for the Applicant submitted that the Supreme Court is currently adjudicating Special Leave Petition (Civil) Diary No(s). 24062/2026, which challenges a judgment of the Gujarat High Court. The Applicant argued that the outcome of this Supreme Court case would have a bearing on the instant transfer application before the NCLT. The Supreme Court matter is listed for hearing on 29.07.2026.
Counsel Mr. Deepak Khosla appearing for the Respondent contested this position, submitting that the matter pending before the Supreme Court would not have any bearing on the instant transfer application.
Final Outcome
The NCLT, presided by Justice Anupinder Singh Grewal, adjourned the matter to 14.08.2026. Additionally, three interlocutory applications (IA-2305/2026, IA-2416/2026, and IA-2417/2026) were also listed for hearing on the same date, 14.08.2026.
Topics: Legal Proceedings, Corporate Insolvency