Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1071 of 2026, an appeal filed by Steel Authority of India Ltd.-IISCO Steel Plant (Appellant) against Sanjeev Maheshwari in his capacity as the Liquidator of U.B. Engineering Ltd. (In Liquidation) (Respondent). The appeal was presented in hybrid mode with legal representation from both parties: Mr. Soumyajit Saha, Advocate for the Appellant, and Mr. Ravi Raghunath along with Ms. Anoushka Naveen, Advocates for the Respondent.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) granted an adjournment request made by the Appellant's counsel. The appeal has been rescheduled for hearing on October 12, 2026. The tribunal specifically clarified that any proceedings pending elsewhere shall not be adversely affected merely due to the pendency of this appeal.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment Order