Authority: Supreme Court of India
Order Date: 15-07-2026
Case Overview
- Parties: Appellant – IFCI LIMITED; Respondent – M/S Bellary Steels and Alloys Ltd.
- Civil Appeal Nos.857‑858/2026 filed seeking admission and various interim reliefs (IA No.101165/2020, IA No.128777/2026, IA No.20831/2021).
- The matter was called for hearing on 15 July 2026 before a two‑judge bench comprising Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandran.
- Counsel for the appellant included Additional Solicitor General Mr. N. Venkataraman and a team of advocates; counsel for the respondent comprised senior advocates and AORs listed in the record.
- The High Court judgment and order dated 21 August 2019 has been stayed; the stay has been in operation for almost seven years, providing interim relief to the parties.
- The Additional Solicitor General requested an adjournment citing personal difficulty, while the respondent’s counsel expressed willingness to sit with the appellant to resolve the dispute amicably.
Final Outcome
- The Court directed the parties to engage in settlement discussions and, if successful, to conclude the matter without further adjudication.
- In the absence of an amicable resolution, the Court will proceed to hear the matters on their merits.
- The hearing was adjourned; the next date is to be fixed after a period of six weeks.
Topics: Court Proceedings, Civil Litigation, Financial Services