Case Name: M/S. Alouik City LLP & Anr. v. M/S. Aiko Builders Pvt. Ltd. & Ors.
Court/Authority: Supreme Court of India, Civil Appeal No. 7986 of 2026.
Order/Case No.: Civil Appeal No. 7986/2026; IA No. 156700/2026 (exemption from filing C/C of impugned judgment); IA No. 168185/2026 (permission to file additional documents/facts/annexures).
Date of Order: 01 June 2026.
Reference Judgment: National Company Law Appellate Tribunal (NCLAT), New Delhi, judgment and order dated 19 March 2026.
Period of Dispute: Not specified in the order.
Parties Involved
Appellants: M/S. Alouik City LLP (and another appellant, referred to as “Anr”).
Respondents: M/S. Aiko Builders Pvt. Ltd. (and other respondents, referred to as “Ors.”).
Counsel for Appellants: Mr. P.B. Suresh (Senior Advocate), Mr. Vipin Nair, Ms. Deeksha Gupta (AOR), Mr. Aditya Narendranath, Mr. P.B. Sashaankh.
Counsel for Respondents: Not listed in the order.
Bench: Hon’ble Mr. Justice Dipankar Datta and Hon’ble Mr. Justice Satish Chandra Sharma (Partial Court Working Days Bench).
Issues / Allegations / Violations
The appeal challenged the NCLAT’s judgment dated 19 Mar 2026.
The sole ground raised was the alleged existence of a substantial question of law warranting Supreme Court interference.
No specific factual or legal violations were detailed in the Supreme Court order.
Findings & Observations
The Court observed that no substantial question of law was involved in the appeal.
Consequently, the Court was not inclined to interfere with the impugned NCLAT judgment and order.
Penalties / Settlements / Directions
No monetary penalties, disgorgements, or settlements were imposed.
The Court dismissed the civil appeal.
Corrective Actions & Future Obligations
The Court directed that any pending interlocutory applications, if any, shall stand disposed of.
No further compliance measures or corrective actions were mandated.
Final Ruling & Enforcement
Appeal Dismissed: The Supreme Court dismissed Civil Appeal No. 7986/2026.
Interlocutory Applications: Any pending interlocutory applications are ordered to stand disposed.
Order Signed By: Justice Dipankar Datta and Justice Satish Chandra Sharma.
Enforcement: The dismissal is final; the NCLAT judgment dated 19 Mar 2026 remains effective.
