# Hannu Steels Private Limited vs. Rathi Powertech Global Private Limited

> NCLAT judgment dated 2026-07-06. Citation: TCN-2026-NCLAT-00235. Hannu Steels Private Limited (Corporate Debtor/Appellant) appealed an NCLT order dated…

- **Court:** NCLAT
- **Order date:** 6 Jul 2026
- **Citation:** TCN-2026-NCLAT-00235
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/hannu-steels-private-limited-vs-rathi-powertech-global-private-limited-01puv

## Summary

### Background

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.

## Facts

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.

…

## Issues and analysis

### Issue 1: Whether the delay of seven days in filing the appeal beyond the prescribed period should be …

**Ratio:** The expression "sufficient cause" in limitation statutes should receive a

…

**Reasoning:** The Appellant explained that the impugned order was not communicated by its erstwhile

…

**Interpretation:** The term "sufficient cause" is to be interpreted broadly to ensure

…

**Application:** Given the explanation provided by the Appellant and the minor delay falling

…

## Parties

- **Judges:** N. Seshasayee,…; Indevar Pandey…
- **Respondents:** Hannu Steels…; Rathi Powertech…
- **Advocates:** Manan B…; Abhishek C…; +2 more

## Timeline

- **2022-03-01 — License User A…**: Hannu Steels Private Limited and Rathi Powertech Global Private Limited entered into a…
- **2023-02-28 — Agreement A…**: An Addendum was executed, extending the License User Agreement till 28.02.2025 and…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61(2) — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/hannu-steels-private-limited-vs-rathi-powertech-global-private-limited-01puv