Authority: Supreme Court of India

Order Date: 12 August 2026

Case Overview

  • Parties: Appellant – Bharat Heavy Electricals Ltd (BHEL); Respondent – Srikanth Dwarakanath & Anr.
  • Proceedings: Civil Appeal No. 2938/2020, together with numerous Interlocutory Applications (IA No. 88969/2020, IA No. 78560/2020, IA No. 130140/2020, IA No. 88968/2020, IA No. 120877/2022, IA No. 3987/2021, IA No. 75255/2020, IA No. 127210/2020, IA No. 55939/2022, IA No. 1406/2021, IA No. 115533/2020, IA No. 118018/2020, IA No. 1403/2021, IA No. 54344/2021, IA No. 103767/2020, IA No. 121005/2021, IA No. 22696/2021, IA No. 22695/2021, IA No. 172155/2022, IA No. 172154/2022, IA No. 139585/2023) were listed for hearing.
  • Bench: Hon’ble Mr. Justice Pamidighantam Sri Narasimha and Hon’ble Mr. Justice Alok Aradhe.
  • Counsel for Appellant: M.V. Kini & Associates, AOR Mr. Sanjiv Sen, Sr. Adv., Mr. Naman Saraswat, Adv., Mr. Tavinder Sidhu, Adv., Mr. A P Singh, Adv., Mr. Vikas Soni, Adv., Mr. Sumit Gupta, Adv., Ms. Kamini Sharma, Adv., Mr. Prahlad Balaji, Adv., Ms. Jharna Singh, Adv., Mr. Sumeer Sodhi, AOR, Mr. Punit Dutt Tyagi, Sr. Adv., Ms. Pragati Singh, Adv., Mr. Pradyut Kashyap, Adv., Mr. Shourya Dasgupta, Adv., Ms. Smruthi Gangadharan, Adv., Mr. Ramakrishnan Viraraghavan, Sr. Adv., Mr. Shashank Shekhar, Sr. Adv., Mr. Niraj Chamyal, Adv., Ms. Aishwarya Prasad, Adv., Mr. Harsh Gupta, Adv., Mr. Ritika Gaur, Adv., Ms. Swechcha Mishra, Adv., Mr. Jayesh Gupta, Adv.
  • Counsel for Respondent: Mr. Abhimanyu Bhandari, Sr. Adv., Mr. Abhishek Sharma, Adv., Mr. Raghav Mittal, Adv., Ms. Murchana, Adv., Mr. Alok Tripathi, AOR, Mr. Ramakrishnan Viraraghavan, Sr. Adv., Mr. Shashank Shekhar, Sr. Adv., Mr. Niraj Chamyal, AOR, Ms. Aishwarya Prasad, Adv., Mr. Harsh Gupta, Adv., Ms. Ritika Gaur, Adv., Ms. Swechcha Mishra, Adv., Mr. Jayesh Gupta, Adv.
  • Additional senior counsel appearing for both sides included Mr. Krishnan Venugopal, Sr. Adv., Mr. Puneet Singh Bindra, AOR, Mrs. Smiti Tewari, Adv., Ms. Shivani Sharma, Adv., Mr. Sanampreet Singh, Adv., Mr. Nikhil Singh, Adv., Ms. Charu Modi, Adv., Mr. Rishabh Gupta, Adv., Ms. Kriti Dang, Adv., Mr. Chandra Raj Singh Chouhan, Adv., Mr. Devang Gupta, Adv., Mr. Gopal Sankaranarayanan, Sr. Adv., Mr. Punit Dutt Tyagi, AOR, Ms. Pragati Singh, Adv., Mr. Pradyut Kashyap, Adv., Ms. Smruthi Kashyap, Adv., Mr. Dama S. Naidu, Sr. Adv., Ms. Madhavi Agarwal, Adv., Ms. Geetika Sharma, Adv., Ms. Manavi Agarwal, Adv., Mr. E. C. Agrawala, AOR, Ms. Charu Mathur, AOR, Mr. Gopal Jain, Sr. Adv., Mrs. Gauri Rasgotra, Adv., Mr. Dinesh Moorjani, Adv., Mr. Karan Duggal, Adv., Mr. Shivanshu Kumar, Adv., Ms. Neha Maniktala, Adv., Dr. Charu Mathur, Adv., Ms. Richa Bhargava, Adv., Mr. Ramji Srinivasan, Sr. Adv., Mr. Vineet Dwivedi, AOR, Ms. Mahima Singh, Adv., Mr. S. Niranjan Reddy, Sr. Adv., Ms. Misha Rohatgi, AOR, Mr. Rohit K Debnath, Adv., Ms. Palak Arora, Adv., Mr. G. Balaji, AOR.
  • The matters were called for hearing on 12‑08‑2026.

Final Outcome

1. The Court released all listed appeals from the part‑heard status.

2. Civil Appeal No. 8420/2022 will be taken up after the current batch of matters.

3. Pending disposal of Civil Appeal No. 2938/2020, the liquidator may proceed with disposal of the assets, with any amounts to be secured in an escrow account.

4. The Court ordered issuance of notice on Interlocutory Application No. 231285/2026 in Civil Appeal No. 3399/2020.

5. All the appeals are to be listed for hearing in November 2026.

Topics: Court Order, Insolvency