Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by Steel Authority of India Ltd. (SAIL) against Uday Naryan Mitra, the Resolution Professional of Arss Infrastructure Projects Ltd., and another respondent. The appeals challenge proceedings related to the corporate insolvency resolution process of Arss Infrastructure Pvt. Ltd. The appellant was represented by counsel whose appearance was not marked, while the respondents were represented by advocates Mr. Chitranshul A. Sinha, Mr. Shivam Shorewala, Ms. Rakshita Bhargava, and Ms. Esha Sharma for the first respondent (Resolution Professional), and Mr. Dhananjay Bhaskar Ray for the second respondent (SRA).
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned the hearing of both appeals (CA (AT) (Ins) No. 1724 of 2025 and CA (AT) (Ins) No. 1725 of 2025) due to time constraints. The matters were listed for next hearing on October 9, 2026. No substantive hearing or decision on merits took place during this proceeding.
Topics: NCLAT Proceedings, Corporate Insolvency, Steel Sector