Case name: IDBI Trusteship Services Limited vs Surender Singh (suspended director of Vatika Limited) & Others
Civil Appeal No.: 7394/2026
Court: Supreme Court of India
Judges (Coram): Hon'ble Mr. Justice Pamidighantam, Sri Narasimha, Hon'ble Mr. Justice Alok Aradhe
Order date: 22-05-2026
Interim Applications: IA No.145351/2026 – permission to file additional documents/facts/annexures; IA No.145352/2026 – stay application (rejected)
Parties Involved
Appellant: IDBI Trusteship Services Limited
Respondents: Surender Singh (suspended director of Vatika Limited) and others (ORS.)
Counsel for Appellant: Senior Advocates Mukul Rohatgi, Gopal Jain, Meghna Mishra, Dheeraj P Deo (AOR), Nikhil Ratti Kapoor, Yashodhara Gupta, Kevin Chadha, among others
Counsel for Respondents: Senior Advocates Kapil Sibal, Virender Ganda, Satyajit A. Desai, Vishal Ganda, Ayandeb Mitra, Sachin Singh, Riya Palnitkar, Pratik Kumar Singh, Shashank Upadhyay, Parth Johri, Sanchit Agrahari, Madhur Duggal, Pulkit Goyal, Anagha S. Desai (AOR), Amit Sibal (Sr. Adv.), Manisha Singh, George Pothan Poothicote, Kanav Khatana, Jyoti Singh
Issues / Allegations / Violations
The order does not detail the substantive issues or allegations underlying the appeal. The parties are identified, but specific claims, alleged breaches, or statutory provisions are not enumerated in the excerpt.
Findings & Observations
The Supreme Court admits the appeal filed by IDBI Trusteship Services Limited.
The Court rejects the interim stay application (IA No.145352/2026) sought by the respondents.
Penalties / Settlements / Directions
No monetary penalties, settlements, or disgorgement orders are mentioned in the present order.
Corrective Actions & Future Obligations
The matter is posted for final hearing in the Regular List scheduled for September 2026. Parties are expected to appear before the Court on that date for further adjudication.
Final Ruling & Enforcement
Appeal admitted; stay application denied.
The case will proceed to a final hearing in September 2026, where the Court will consider the merits of the appeal and any further relief sought by the parties.
