Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in an insolvency appeal. The appellant is SGN Universal Construction Co. Pvt. Ltd. The respondent is Bhuvan Madan, who is identified as the Interim Resolution Professional (IRP) in the matter. The appeal is registered as Company Appeal (AT) (Ins) No. 1030 of 2026. The order was passed in a hybrid hearing mode. Senior Advocate Mr. Gaurav Mitra, along with Advocates Ms. Aishwarya Modi Seth and Mr. Rishi Jaiswal, represented the appellant. A team of advocates including Mr. Sagar Dhawan, Mr. Vaijayant Paliwal, Mr. Nikhil Mathur, Mr. Aditya Marwah, Ms. Kirti Gupta, and Ms. Diksha Sharma represented the respondent.
Final Outcome
The two-member bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, did not rule on the merits of the case. The order solely lists the appeal for its next hearing on 11 August 2026. The substantive issues of the appeal remain to be heard and decided on that future date.
Topics: Insolvency Appeal, NCLAT, Corporate Litigation