Authority: Supreme Court of India

Order Date: 16-10-2026

Case Overview

  • Petitioners: M/S. Indu Building Systems Pvt Ltd & Ors.
  • Respondents: Pegasus Assets Reconstructions Pvt Ltd & Ors.
  • Origin: Special Leave Petition (Civil) arising from the impugned final judgment and order dated 24-08-2026 in WP No.12478/2025 passed by the High Court of Judicature at Bombay.
  • Interim Applications: IA No.308122/2026 (exemption from filing C/C of the impugned judgment), IA No.308125/2026 (exemption from filing O.T.), IA No.308120/2026 (permission to file petition).
  • Counsel: Petitioners represented by Mrs. Madhavi Divan (Sr. Adv.), Mr. Sameer Choudhary, Mr. Yashraj Deshmukh, Mr. Deshmukh Adith Satish; Respondents represented by Mr. Deepak Goel (AOR), Mr. Dinkar Singh, Mr. Deepak Goel, Mr. Rohit Singh, Ms. Alka Goyal.

Court Orders

1. Permission to file Special Leave Petition(s) is granted.

2. Issue notice, returnable on 27.11.2026.

3. Mr. Deepak Goel, learned AOR, accepts notice on behalf of the respondents on caveat and waives service of formal notice. (Digitally signed by KAPIL TANDON, Date: 2026.10.16, Signature Not Verified)

4. Counter affidavit to be filed within three weeks.

5. Pending disposal of the Special Leave Petitions, the respondents shall restore possession of the properties whose possession was taken pursuant to the High Court's order.

Final Outcome

  • The Supreme Court has authorized the filing of the Special Leave Petitions, set procedural timelines, and directed the respondents to reinstate possession of the disputed properties while the petitions are pending.

Topics: Court Order, Property Dispute