Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
This is an interim application (I.A. No. 159 of 2025) within a company appeal (Comp. App. (AT) (Ins) No. 662 of 2024). The appellant is Topworth Urja & Metals Ltd., represented through its Resolution Professional, Avil Menezes. The respondent is the Directorate of Industries, Government of Maharashtra. The order is a procedural update from a hearing conducted in hybrid mode.
Final Outcome
The Tribunal granted the respondent's request for more time. The Directorate of Industries is directed to file its reply within two weeks from the order date (by September 2, 2026). The appellant, Topworth Urja, is then granted a further two weeks to file a rejoinder, if any (by September 16, 2026). The appeal itself has been listed for its next hearing on October 6, 2026. No substantive issues or decisions regarding the underlying dispute were addressed in this order.
Topics: NCLAT, Insolvency Proceeding