Regulation And Legal
IREO Pvt Ltd Granted Four-Week Withdrawal Window
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
27th May 2026
Case Details
- Case name: IREO Pvt. Ltd. vs Siddharth Vasishth & Ors. (for suitor fund)
- Miscellaneous Application No. 2662/2025
- Court: Supreme Court of India, Court No. 17, Section XVII-A
- Date of order: 25‑05‑2026
Parties Involved
- Petitioner: IREO Pvt. Ltd.
- Respondents: Siddharth Vasishth & Ors. (for suitor fund)
- Counsel for petitioner: Ms. Rooh‑e‑hina Dua, AOR Ms. Yashika Kapoor, Adv.
- Counsel for respondents: Mr. Rajesh Singh, AOR
- Presiding judge: Hon’ble Mr. Justice Vijay Bishnoi (in chamber)
Issues / Allegations / Violations
- The order does not specify detailed allegations; the respondents seek to withdraw an amount from the suitor fund.
Findings & Observations
- No substantive findings are recorded in the order.
Penalties / Settlements / Directions
- Respondents’ counsel is granted four weeks’ time to move an appropriate application for withdrawal of the amount from the suitor fund.
Corrective Actions & Future Obligations
- Not applicable / not specified.
Final Ruling & Enforcement
- The court orders the respondents to file the withdrawal application within four weeks and lists the matter for further hearing thereafter.