Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 9, 2026
Case Overview
This order pertains to Company Appeal (AT) (Insolvency) No. 418 of 2026. The appellant is Power Trust. The respondents are Bhuvan Madan in his capacity as the Resolution Professional of Hiranmaye Energy Ltd. & Others. The appeal arises from insolvency proceedings related to Hiranmaye Energy Ltd. The matter was heard in hybrid mode. Senior counsel for the appellant, Mr. Joy Saha and Mr. Krishnendu Datta, were heard in part. Senior counsel for the respondents, including Dr. Abhishek Manu Singhvi and Mr. Gopal Jain, were also present, representing Damodar Valley Corporation (DVC) and the Resolution Professional, respectively.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra, adjourned the hearing. The appeal is now listed for further argument on September 17, 2026, at 02:00 PM. The previously scheduled date of September 16, 2026, stands cancelled. The matter remains pending before the tribunal.
Topics: Insolvency Appeal, Adjournment