Authority: Supreme Court of India

Order Date: 14-05-2026

Case Overview

  • Civil Appeal Nos. 4266‑4267/2026 filed by Cosmic CRF Limited (appellant) against Myotic Trading Private Limited and others (respondents).
  • Respondents include Myotic Trading Private Limited (Respondent No.1), a Resolution Professional (Respondent No.2), Prudent ARC Limited (Respondent No.4), and additional parties.
  • The appeals sought exemption from filing a copy/certificate of the impugned judgment, grant of interim relief, and an ex‑parte stay.
  • Counsel appearing: Senior Counsel Shyam Divan for the appellant; Sumesh Dhawan for Respondent No.4 (Prudent ARC Limited); Pranav Sachdeva for Respondent No.1 (Myotic Trading); Abhishek Anand for Respondent No.2 (Resolution Professional).
  • The bench comprised Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice Ujjal Bhuyan.

Final Outcome

1. The appeals are allowed.

2. Cosmic CRF Limited is held eligible to participate in the Corporate Insolvency Resolution Process (CIRP) of the corporate debtor.

3. The impugned judgment passed by the National Company Law Appellate Tribunal (NCLAT) is set aside.

4. Reasons for the decision will be detailed in a separate order.

5. Any pending applications, if any, stand disposed of.

Topics: Insolvency, Corporate Law