Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 01 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), issued a procedural order in Company Appeal (AT) (Insolvency) No. 612 of 2026 along with connected Interlocutory Applications Nos. 2361, 2362, and 2363 of 2026. The appeal involves Phoenix ARC Ltd (formerly known as Phoenix ARC Pvt. Ltd.) as the Appellant and Shyama Devi & Others as the Respondents. The order was passed in hybrid mode. Advocates representing the parties were present: Mr. Dhananjaya Sud for the Appellant and Ms. Somya for the State Bank of India (SBI), with Mr. Prabhyat Sharma and Ms. Bhavika also representing the Respondents.
Final Outcome
The bench ordered the listing of this appeal on 30 October 2026. This is a procedural adjournment order that does not address the merits of the case.
This content may not be financially relevant as it contains only a procedural listing order without any substantive discussion of the insolvency matter, financial implications, or legal reasoning.