Authority: Supreme Court of India
Order Date: 20-08-2026
Case Overview
- Parties: ARC Research and Development Centre Limited (Appellant) and Liquidator of Adya Oils and Chemicals Ltd (Respondent).
- Nature: Civil Appeal No.10529/2026 concerning a stay application against the impugned order passed by the National Company Law Appellate Tribunal (NCLAT) in the insolvency proceedings of the corporate debtor.
- Key Dates: Order dated 20 August 2026; mediation appearance scheduled for 7 September 2026 at 11:00 a.m.
- Background: The NCLAT order affected access to the corporate debtor’s property; the appellant seeks a stay and a mediated resolution.
Final Outcome
- The Supreme Court stayed the impugned NCLAT order, halting its operation pending further proceedings.
- Parties are directed to appear before the Supreme Court Mediation Centre on 7‑9‑2026 at 11:00 a.m.
- The Mediation Centre is instructed to assign a Senior Mediator who shall visit and survey the entire property of the corporate debtor, assess any alternative access, and file an appropriate report before the next hearing.
- The Senior Mediator is also asked to provide an opinion on the disputed factual question regarding alternative access to the property.
- The Mediation Centre must submit its report to the Court as expeditiously as possible.
- The matter will be listed immediately after the Mediation Report is received.
Topics: Insolvency, Mediation