An appeal, Company Appeal (AT) (CH) (Ins) No. 252/2026, was filed by Arjun Govind Raghupathy, Suspended Director of BGR Energy Systems Ltd., challenging an impugned order dated 17.04.2026. This impugned order, passed in CP(IB) No.58/7/AMR/2024, had admitted a Section 7 application under the Insolvency and Bankruptcy Code against BGR Energy Systems Ltd.
An appeal, Company Appeal (AT) (CH) (Ins) No. 252/2026, was filed against an impugned order dated 17.04.2026.
The impugned order, passed in CP(IB) No.58/7/AMR/2024, admitted a Section 7 application under the IBC against BGR Energy Systems Ltd.
The Appellant, Arjun Govind Raghupathy, is the Suspended Director of BGR Energy Systems Ltd.
Respondent No.1, National Asset Reconstruction Company Ltd., stated that a settlement proposal from the Appellant is under consideration, subject to revision.
The NCLAT's order dated 30.04.2026 is an interim order and not an adjudication on the merits of the stay application.
The effect of the impugned order of 17.04.2026 has been suspended until the next date of listing.
The Company Appeal is directed to be listed for orders on 15.06.2026.
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An order was passed in CP(IB) No.58/7/AMR/2024,…
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An appeal, Company Appeal (AT) (CH) (Ins) No. 252/2026, was filed by Arjun Govind Raghupathy, Suspended Director of BGR Energy Systems Ltd., challenging an impugned order dated 17.04.2026. This impugned order, passed in CP(IB) No.58/7/AMR/2024, had admitted a Section 7 application under the Insolvency and Bankruptcy Code against BGR Energy Systems Ltd.
An appeal, Company Appeal (AT) (CH) (Ins) No. 252/2026, was filed against an impugned order dated 17.04.2026.
The impugned order, passed in CP(IB) No.58/7/AMR/2024, admitted a Section 7 application under the IBC against BGR Energy Systems Ltd.
The Appellant, Arjun Govind Raghupathy, is the Suspended Director of BGR Energy Systems Ltd.
Respondent No.1, National Asset Reconstruction Company Ltd., stated that a settlement proposal from the Appellant is under consideration, subject to revision.
The NCLAT's order dated 30.04.2026 is an interim order and not an adjudication on the merits of the stay application.
The effect of the impugned order of 17.04.2026 has been suspended until the next date of listing.
The Company Appeal is directed to be listed for orders on 15.06.2026.
…An order was passed in CP(IB) No.58/7/AMR/2024,…
The National Company Law Appellate Tribunal…
Sign in to view related legal provisions.