Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 24, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was scheduled to hear an appeal filed by Steel Authority of India Ltd.-IISCO Steel Plant (Appellant) against Sanjeev Maheshwari, the Liquidator of U.B. Engineering Limited (In Liquidation) (Respondent). The appeal was registered as Comp. App. (AT) (Ins) No. 1071 of 2026. The matter pertains to the insolvency liquidation proceedings of U.B. Engineering Limited. The respondent was represented by advocates Mr. Ravi Raghunath, Mr. Namanjeet Singh Bhatia, and Ms. Anoushka Naveen. The appearance for the appellant was not marked in the order.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical), noted that there was no time left to hear the appeal on the scheduled date. Consequently, the tribunal adjourned the hearing and relisted the appeal for September 28, 2026, under the same caption. The order was passed in hybrid mode. No substantive arguments were heard or decisions made on the merits of the case.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment