Authority: Supreme Court of India
Order Date: 14 October 2026
Case Overview
- Parties: Appellant Harinder Bashista vs Respondent Luxmi Electrical and Engineering Works & Anr.
- The appeal (Civil Appeal No.7703/2023) sought admission under Section 62 of the Insolvency and Bankruptcy Code, 2016.
- The appellant had earlier deposited Rs 15,09,094 in the Court Registry pursuant to an order dated 28 November 2023.
- Counsel for the appellant was Mr. Arjun Singh Bhati; respondents were represented by Mr. Kushagra Bansal, Mr. Vijay Kasana, Ms. Harish Taneja, Mr. Gaurav Raj Grover, Mr. Vaibhav Manu Srivastava, Ms. Ekta Choudhary and Mr. Shirish Parashar.
Final Outcome
- The Court held that the facts did not warrant admission of the appeal under Section 62 IBC and dismissed the appeal.
- The Court directed that the deposited amount of Rs 15,09,094, together with accrued interest, be released to the appellant on an application.
- All pending applications, if any, were ordered to stand disposed of.
- The order was pronounced by Hon’ble Justices S.V.N. Bhatti and N.V. Anjaria.
Topics: Insolvency, Court Order