Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 06.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two linked Company Appeals. The Appellant in both appeals is Phoenix ARC Pvt. Ltd. The Respondents are Sagar Power (Dandela) Limited (Company Appeal (AT) (CH) (Ins) No. 52/2026) and Bhoruka Power Corporation Limited (Company Appeal (AT) (CH) (Ins) No. 53/2026). The nature of the proceedings is insolvency-related, as indicated by the '(Ins)' designation in the appeal numbers. The order itself does not detail the background allegations or disputes that led to the filing of these appeals. The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal's order is purely procedural. It adjourns both appeals and lists them next for a substantive hearing on 25.09.2026. The matters have been listed under the caption 'For Hearing'. No rulings on the merits of the appeals, penalties, or other directions were issued in this order.
Topics: Insolvency Appeal, Procedural Adjournment