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2025 Supreme(Online)(SC) 111470

SUPREME COURT
*Bela M. Trivedi, Satish Chandra Sharma, JJ.
Kalyani Transco – Appellant
Versus
Bhushan Power and Steel Limited – Respondent


Advocates:
For the Appellants/Petitioners: undefined
For the Respondents: undefined

Table of Content
1. overview of appeals against the nclat order. (Para 1 , 2)
2. arguments from the appellants about their grievances. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12)
3. court analysis of the legal standing of parties. (Para 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26)
4. clarification of powers and jurisdiction of the court. (Para 27 , 28 , 29 , 30 , 31)
5. court's detailed examination of compliance with legal requirements. (Para 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58 , 59 , 60 , 61)
6. final conclusions regarding the resolution plan and compliance. (Para 62 , 63 , 64 , 65 , 66 , 67 , 68 , 69 , 70 , 71 , 72 , 73 , 74 , 75 , 76 , 77 , 78 , 79)
7. conclusion and orders given by the court. (Para 80 , 81 , 82 , 83 , 84 , 85 , 86 , 87)

1. This batch of Appeals stems from the common impugned Judgment and Order dated 17/02/2020 passed by the National Company Law Appellate Tribunal (For short NCLAT), New Delhi in the Company Appeals filed by the various parties.
(I) THE DETAILS AND CATEGORIES OF THE APPEALS: -
(i) Civil Appeal No. 1808 of 2020 has been filed by the




















































































































































































































































































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