Hannu Steels Private Limited (Corporate Debtor/Appellant) appealed an NCLT order dated 08.12.2025 that closed its right to file a reply in a Section 9 IBC petition filed by Rathi Powertech Global Private Limited (Operational Creditor/Respondent). The Appellant contended that the closure denied them a reasonable opportunity of hearing due to the negligence of their previous counsel and that the appeal was filed with a condonable delay of seven days.
The appeal arose from an order dated 08.12.2025 passed by the National Company Law Tribunal (NCLT), Delhi Bench-IV, in CP (IB) No. 567/ND/2025.
The NCLT order closed the Appellant's right to file a reply in the said proceedings.
Hannu Steels Private Limited (Appellant/Corporate Debtor) and Rathi Powertech Global Private Limited (Respondent/Operational Creditor) entered into a License User Agreement on 01.03.2022.
Under the agreement, Rathi Powertech Pvt. Ltd. (owner of the trademark "POWERTECH") granted Hannu Steels Private Limited a license to use the trademark for a monthly fee of Rs.23,00,000/- plus GST for one year.
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Hannu Steels Private Limited and Rathi…
An Addendum was executed, extending the…
Hannu Steels Private Limited (Corporate Debtor/Appellant) appealed an NCLT order dated 08.12.2025 that closed its right to file a reply in a Section 9 IBC petition filed by Rathi Powertech Global Private Limited (Operational Creditor/Respondent). The Appellant contended that the closure denied them a reasonable opportunity of hearing due to the negligence of their previous counsel and that the appeal was filed with a condonable delay of seven days.
The appeal arose from an order dated 08.12.2025 passed by the National Company Law Tribunal (NCLT), Delhi Bench-IV, in CP (IB) No. 567/ND/2025.
The NCLT order closed the Appellant's right to file a reply in the said proceedings.
Hannu Steels Private Limited (Appellant/Corporate Debtor) and Rathi Powertech Global Private Limited (Respondent/Operational Creditor) entered into a License User Agreement on 01.03.2022.
Under the agreement, Rathi Powertech Pvt. Ltd. (owner of the trademark "POWERTECH") granted Hannu Steels Private Limited a license to use the trademark for a monthly fee of Rs.23,00,000/- plus GST for one year.
…Hannu Steels Private Limited and Rathi…
An Addendum was executed, extending the…