Case Details

  • Case Name / Petition: Special Leave Petition (C) No. 18425/2026
  • Origin: Arising out of impugned final judgment and order dated 23-04-2026 in WP No. 8750/2025 of the High Court of Andhra Pradesh at Amravati
  • Court / Authority: Supreme Court of India
  • Order / Judgment No.: Not specified (order dated 22-05-2026)
  • Date of Order: 22 May 2026 (hearing date 22-05-2026)
  • Period of Dispute / Violation: Not expressly stated; relates to pending proceedings before the Debt Recovery Tribunal (DRT)

Parties Involved

  • Petitioner(s): Prabhakar Raw and Boiled Rice Mill
  • Respondent(s): Maximus Arc Limited & Others (Ors.)
  • Counsel for Petitioners: Senior Counsel Mr. Dama Seshadhri Naidu, Sr. Adv. Mr. K Vivek Reddy, Sr. Adv. Mr. Rishabh Dheer, AOR Mr. Pival K Peddireddi, Adv. Mr. Yashwanth Nethaji, Adv. Mr. Sarthak Bhardwaj, Adv. Mr. Prateek Srivastava
  • Counsel for Respondents: Mr. Alok Dhir, Adv. Ms. Kanish Khetan, Adv. Mr. Palash Singhai, AOR
  • Bench (Coram): Hon'ble Mr. Justice M.M. Sundresh and Hon'ble Mr. Justice Nongmeikapam Kotiswar Singh
  • Court Master / Assistant Registrar: Sachin Kumar Srivastava (signed), Poonam Vaid (assistant registrar)

Issues / Allegations / Violations

  • The petition challenges the final judgment and order dated 23‑04‑2026 passed by the High Court of Andhra Pradesh in WP No. 8750/2025.
  • Specific allegations or factual disputes are not detailed in the order; the petitioner’s counsel made submissions on questions of law and facts, which the Court declined to elaborate on.

Findings & Observations

  • The Supreme Court observed that the proceedings before the Debt Recovery Tribunal (DRT) are still pending.
  • The Court chose not to delve into the detailed arguments presented by the petitioner’s counsel.
  • No determination on the merits of the petition was made; the Court left all substantive issues open for resolution by the DRT.

Penalties / Settlements / Directions

  • Direction to DRT: The Court directed the Debt Recovery Tribunal to conclude the pending proceedings within a period of four months from the date of receipt of a copy of this order.
  • Status‑quo: The status quo as of the date of the order shall be maintained by the parties pending the DRT’s decision.
  • No monetary penalties, fines, or settlements were imposed.

Corrective Actions & Future Obligations

  • The DRT is required to complete its pending proceedings within the stipulated four‑month timeframe.
  • Parties must adhere to the status‑quo order until the DRT issues its final decision.

Final Ruling & Enforcement

  • The Special Leave Petition (SLP) stands disposed of.
  • Any pending applications related to the matter are also disposed of.
  • The order is to be enforced as directed, with the DRT’s compliance monitored within the four‑month window.