Authority: Supreme Court of India
Order Date: 28 October 2026
Case Overview
- Parties: Ideal Aurum Nirman LLP (appellant) vs. Yes Bank Limited (respondent).
- The appeal (Civil Appeal No.11170/2026) stems from an NCLT order dated 17 June 2026; NCLT delivered its judgment on 30 September 2026.
- The appellant filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which remains pending.
- A stay application (IA No.251508/2026) was also listed for hearing on 26 October 2026.
Court Observations
- The Court noted that, pending disposal of the present civil appeal, the appellant is entitled to raise all pleas before the NCLAT, including the plea relating to dismissal of the interlocutory application dated 17 June 2026 and the closure of the right to file a reply dated 09 June 2026.
- The Court affirmed that the appeal stands disposed of.
- The Court directed that any pending applications, if any, shall also stand disposed of.
Final Outcome
- Civil Appeal No.11170/2026 is disposed of by the Supreme Court.
- All pending applications, including the stay application IA No.251508/2026, are likewise disposed of.
Topics: Court Proceedings, Insolvency