Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected appeals filed by Steel Authority of India Ltd. (SAIL), the Appellant. The appeals, numbered Comp. App. (AT) (Ins) No. 1724 of 2025 and Comp. App. (AT) (Ins) No. 1725 of 2025, are against the Respondents: (1) Mr. Uday Naryan Mitra, in his capacity as the Resolution Professional of Arss Infrastructure Pvt Ltd., and (2) an unnamed SRA (Successful Resolution Applicant). The nature of the dispute or the specific grounds for the appeal are not detailed in this procedural order. The legal representation for the hearing included Senior Advocate Mr. Siddharth Yadav along with other advocates for the Appellant (SAIL), and advocates for the Respondents, including Mr. Chitranshul A. Sinha for the first Respondent (RP) and Mr. Dhananjay Bhaskar Ray for the second Respondent (SRA). The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The Tribunal passed a brief procedural order, noting "No time left." Consequently, both appeals were adjourned and listed for the next hearing on 07 August 2026. No substantive arguments were heard or decisions made on the merits of the case on this date.
Topics: Insolvency, Legal Proceedings, Steel Sector