Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 2253 of 2024 between REC Ltd (formerly Rural Electrification Corporation Ltd.) as appellant and Global Metal & Energy Pvt. Ltd. as respondent. The appeal relates to insolvency proceedings under the Insolvency and Bankruptcy Code. REC Ltd was represented by advocates Mr. Somesh Srivastava, Mr. Ramakant Rai, Ms. Pranati Sinha, and Ms. Drishti Kaushik. The bench comprised Justice Yogesh Khanna (Officiating Chairperson) and Ajai Das Mehrotra (Member Technical).
Final Outcome
The tribunal did not conduct any substantive hearing on the merits of the case. The matter was simply adjourned and listed for next hearing on 7th October 2026. No orders were passed on the substantive issues of the appeal.
Topics: Insolvency Appeal, NCLAT Proceeding