Phoenix ARC Appeals Against Sagar Power and Bhoruka Power

Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction

Order Date: 25th September 2026

Case Overview

This document is a scheduling order from the National Company Law Appellate Tribunal (NCLAT) at Chennai. It pertains to two connected appeals filed by Phoenix ARC Pvt. Ltd., an asset reconstruction company. 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. The nature of the underlying dispute or the previous order being appealed is not detailed in this procedural document. The legal representation for the Appellant (Phoenix ARC) is Mr. Adarsh Ramanujan, Advocate, and for the Respondents (the power companies) is Mr. Arun Karthik Mohan, Advocate. The bench comprised Justice N Seshasayee, Member (Judicial), and Jatindranath Swain, Member (Technical).

Final Outcome

The Tribunal did not rule on the merits of the appeals. The final outcome of this order is purely procedural, listing both matters for a future hearing. The next date of hearing is scheduled for 3rd November 2026.

Topics: Insolvency Appeal, Power Sector, Asset Reconstruction