Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 12 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Ins) No. 1071 of 2026. The appellant is Steel Authority of India Ltd.-IISCO Steel Plant. The respondent is Sanjeev Maheshwari in his capacity as the Liquidator of U.B. Engineering Limited, which is under liquidation. The appeal arises from insolvency proceedings related to U.B. Engineering Limited. Advocates Mr. Somdutta Bhattacharya and Mr. Soumyajit Saha represented the appellant. Advocates Mr. Ravi Raghunath and Mr. Namanjeet Singh Bhatia represented the respondents. The hearing was conducted in hybrid mode.
Final Outcome
The bench, comprising Justice Mohd. Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), noted that there was no time left to hear the matter. Consequently, the appeal was adjourned and listed for the next hearing on 19 November 2026. No substantive discussions, observations, or rulings on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT, Steel Sector