Authority: Supreme Court of India
Order Date: 16-10-2026
Case Overview
- Appellant: Affle 3i Limited; Respondents: Axis Trustee Services Limited and another respondent (ANR).
- Civil Appeal No. 13699/2026 (IA No. 319780/2026) filed for ex‑parte stay; hearing held on 16 Oct 2026 before a bench of Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran.
- The dispute involves a demand draft of Rs 5,76,60,560 (Rupees Five Crore Seventy‑Six Lakh Sixty Thousand Five Hundred Sixty Only) drawn in favour of Respondent No. 1 and pending Corporate Insolvency Resolution Process (CIRP) before the National Company Law Tribunal (NCLT).
Final Outcome
- The Court ordered that a notice be issued, returnable on 27 Oct 2026.
- Counsel for Respondent No. 1 (Mr. Harshit Khare) and Respondent No. 2 (Mr. Apoorv Agarwal) accepted and waived service of the notice.
- The demand draft of Rs 5,76,60,560 is to be handed over to the Court Registry on the day of the order.
- All proceedings in the CIRP pending before the NCLT are stayed pending further orders.
Topics: Insolvency, Court Order