Authority: Supreme Court of India (Civil Appellate Jurisdiction)
Order Date: 21 September 2026
Case Overview
- Parties: Hari Global Recreation and Amusement LLP (appellant) vs. Beeram Singh and Ors (respondents); also the Resolution Professional and a caveator.
- The appeal arises from an order of the National Company Law Appellate Tribunal (NCLAT) reviewing the National Company Law Tribunal's (NCLT) refusal to approve the revised resolution plan submitted by the successful resolution applicant.
- The appellant sought a stay on the issuance of a fresh Form‑G; the Court observed that the fresh process would remain subject to the final disposal of the appeal.
- Counsel appearing: Dr. Abhishek Manu Singhvi (Senior Counsel for the appellant), Sri Navin Pahwa (Senior Counsel for the respondent/Resolution Professional), and Sri Deepak Khurana (Counsel for the caveator).
Final Outcome
- The Supreme Court ordered that the fresh Form‑G be kept in abeyance until the NCLAT disposes of the appeal.
- The Court directed the parties to cooperate and avoid unnecessary adjournments, urging the NCLAT to dispose of the appeal expeditiously.
- No observations were made on the merits of the matter.
- Any pending applications, if any, were rejected.
Topics: Insolvency, Court Order