Authority: Supreme Court of India

Order Date: 07-08-2026

Case Overview

  • Petition for Special Leave to Appeal (Criminal) No.7658/2025 filed by Akshay Nanda against Satya Prakash Capital Investment Ltd. & Ors., arising from the High Court of Madhya Pradesh judgment dated 09-12-2024 (MCRC No.36603/2024).
  • Multiple intervening applications were listed (IA Nos. 179458/2025, 136417/2025, 115384/2025, 254050/2025, 254392/2025, 180038/2025, 137129/2025, 137541/2025) concerning exemption, intervention, modification, and permission to file additional documents.
  • The matter was heard on 07-08-2026 before a bench comprising Chief Justice, Justice Joymalya Bagchi and Justice V. Mohana. Counsel for petitioner and respondents were listed.

Observations and Directions

  • The senior counsel for the first respondent offered to pay Rs 44 lakhs to the petitioner within two weeks; the petitioner’s counsel accepted the offer.
  • The question of deposit of the amount and entitlement of other family members of the petitioner remains sub‑judice before the National Company Law Tribunal, Indore Bench; the Court directed the NCLT to decide the controversy expeditiously, preferably within three months.
  • The Court recalled its earlier order dated 01.08.2025 that had directed the Reserve Bank of India to conduct a financial audit of the first respondent, stating the direction has become infructuous in view of subsequent developments.
  • The Special Leave Petition is disposed of with a direction that the parties shall abide by the statements made before the Court.
  • All pending applications, including those for intervention/impleadment, are disposed.

Final Outcome

  • Satya Prakash Capital Investment Ltd. is ordered to pay Rs 44 lakhs to Akshay Nanda within two weeks.
  • The NCLT Indore Bench is instructed to resolve the related family‑member entitlement issue within three months.
  • The RBI audit order dated 01‑08‑2025 is withdrawn.
  • The Special Leave Petition and all ancillary applications are dismissed.

Topics: Legal Dispute, Company Law, Court Order