Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 30 June 2026
Case Overview
This procedural order from the National Company Law Appellate Tribunal (NCLAT) at Chennai concerns two connected appeals filed by Phoenix ARC Pvt. Ltd.
- The Appellant, Phoenix ARC Pvt. Ltd., is appealing against two separate respondents in two distinct but connected cases. 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 their case numbers.
- The legal representation for the hearing included Mr. Adarsh Ramanujan, Advocate, for the Appellant (Phoenix ARC) and Mr. Arun Karthik Mohan, Advocate, for the Respondents.
- The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
The order itself does not detail the specific allegations, disputes, or background of the underlying insolvency proceedings that led to these appeals. It is purely a scheduling order for the next step in the appellate process.
Final Outcome
The NCLAT bench ordered that both appeals be listed next on 06 August 2026 under the caption 'For Admission (After Notice)'. This means the next hearing will be to consider the admission of the appeals for a full hearing, following the issuance of notice to the respondents. No substantive ruling on the merits of the appeals was made in this order.
Topics: NCLAT, Insolvency Appeal, Asset Reconstruction Company