Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 2253 of 2024 between REC Ltd (formerly known as Rural Electrification Corporation Ltd) as the Appellant and Global Metal & Energy Pvt. Ltd as the Respondent. The hearing was conducted in hybrid mode. Both parties were represented by legal counsel: Mr. Ramakant Rai, Ms. Pranti Sinha, Mr. Somesh Srivastava and Ms. Drishti Kaushik represented the Appellant REC Ltd, while Mr. Jatin Sehgal and Ms. Soumya Dharwa represented the Respondent Global Metal & Energy Pvt. Ltd. The bench consisted of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The Tribunal adjourned the appeal without substantive hearing, citing "no time left" for proceedings. The matter was relisted for hearing on 10th December, 2026. No rulings on the merits of the insolvency appeal were issued in this order.
Topics: Insolvency Appeal, Corporate Litigation