Authority: Supreme Court of India
Order Date: 31-08-2026
Case Overview
- Petitioners: WorldDevCorp Technology and Business Solutions Pvt. Ltd. & Ors.
- Respondent: Institute of Directors.
- Petition(s) for Special Leave to Appeal (C) No(s). 17870/2026, arising out of the impugned final judgment and order dated 22-04-2026 in RP No. 185/2026 in FAO (OS)(COMM) No.29/2024 passed by the High Court of Delhi.
- The matter was called for hearing on 31‑08‑2026 before Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Arun Palli.
- Counsel for petitioners included senior counsel Mr. Akhil Sibal and a team of advocates; counsel for respondent included senior counsel Ms. Liz Mathew and a team of advocates.
- The Deputy Registrar/Assistant Registrar, Anita Malhotra, recorded the proceedings.
Final Outcome
- The Court noted that, pursuant to its earlier order dated 10‑August‑2026, senior counsel Akhil Sibal handed over a settlement proposal to respondent’s counsel Liz Mathew.
- Respondent’s counsel requested a one‑week period to consider the proposal.
- The Court directed that, if a settlement is reached, a duly signed settlement document be prepared and kept ready.
- The parties were permitted to exchange any counter‑proposals in the interim.
- The matter was listed for further hearing on 9‑September‑2026.
- No substantive judgment on the merits of the appeal was rendered; the proceedings remain pending pending settlement discussions.
Topics: Legal Proceedings, Corporate Dispute