Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matters pertaining to an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was filed by M/s Shapoorji Pallonji & Co Pvt Ltd (Applicant) against Sinnar Termal Power Ltd (Respondent). The case involved multiple intervention applications numbered IA/3115/ND/2025, IA/6291/ND/2024, IA/6036/ND/2024, IA/5691/ND/2024, IA/5692/ND/2024, and IA/1148/ND/2026, all connected to the main insolvency petition IB/2561/ND/2019. The hearing was conducted in hybrid mode (physical and video conference) before a two-member bench consisting of Hon'ble Member (Judicial) Shri Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Multiple legal representatives were present during the proceedings:
- For the Applicant: Mr. Krishnendu Datta, Senior Advocate with Mr. Karan Batura and Ms. Tanvi Sapra, Advocates (in IA No. 3115/2025)
- For the Respondent: Mr. Krishnendu Datta, Senior Advocate with Mr. Karan Batura and Ms. Tanvi Sapra, Advocates (in IA No. 6291/2024, 6036/2024)
- Additional representation included Mr. Somesh Srivastava and Mr. Ramakant for the applicant in IA no. 6291 of 2024
- Mr. Varun Kalra represented Sinnar Thermal Power Ltd. (Through New Management)
- Mr. Vijayant Paliwal and Ms. Rashi Sharma represented Power Finance Corporation
- Mr. Nitesh Jain and Ms. Parul Khurana represented the ex-management
Final Outcome
The NCLT bench ordered the matter to be listed before the Regular Bench on 05 August 2026. The order represents a procedural adjournment rather than a substantive decision on the merits of the insolvency petition.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Debt Dispute