Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Order Date: 30 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected appeals filed by Phoenix ARC Pvt. Ltd. The first appeal, Company Appeal (AT) (CH) (Ins) No. 52/2026, is against Sagar Power (Dandela) Limited. The second appeal, Company Appeal (AT) (CH) (Ins) No. 53/2026, is against Bhoruka Power Corporation Limited. Both appeals are related to insolvency matters, as indicated by the '(Ins)' designation in the case numbers. The appellant, Phoenix ARC Pvt. Ltd., was represented by Advocate Mr. Adarsh Ramanujan. The respondents were represented by Advocate Mr. Arun Karthik Mohan. The order was passed in hybrid mode by a bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal has listed both appeals for the next hearing on 06 August 2026. The cases will be listed under the caption 'For Admission (After Notice)', indicating that the next step is to consider the admission of the appeals after issuing notice to the respondents. No substantive decisions on the merits of the cases were made in this order.
Topics: NCLAT Proceedings, Insolvency Appeals, Power Sector