Case Details

  • Case name: IREO PVT. LTD. vs MAHAVIR PRASHAD JAIN (Miscellaneous Application No. 1184/2025 in C.A. No. 11686/2024)
  • Parties: Petitioner IREO PVT. LTD.; Respondent/Applicant Mahavir Prashad Jain
  • Court/Authority: Supreme Court of India, Hon'ble Mr. Justice S.V.N. Bhatti (in chambers)
  • Case/Order No.: I.A. No. 106487/2026 (also Misc. Application No. 1184/2025)
  • Date: 22-05-2026
  • Period of violation/dispute: Not specified (request for release of suitor fund)

Parties Involved

  • Petitioner: IREO PVT. LTD.
  • Respondent/Applicant: Mahavir Prashad Jain
  • Counsel for Petitioner: Ms. Rooh-e-hina Dua, AOR; Ms. Yashika Kapoor, Adv.
  • Counsel for Respondent: Mr. Santosh Kumar Pandey, AOR; Mr. Santosh Kumar Vishwakarma, Adv.

Issues / Allegations / Violations

  • The respondent sought a direction from the Court to release the suitor’s fund amounting to Rs. 50,000 (Rupees fifty thousand only) in his favour.
  • No specific allegations of misconduct or violation were detailed in the order.

Findings & Observations

  • The Court heard the learned counsel for both parties.
  • The Court found the application appropriate for granting the requested relief.

Penalties / Settlements / Directions

  • The Court ordered that the suitor’s fund amount of Rs. 50,000 be released to the respondent.
  • No monetary penalties, fines, or other settlements were imposed.

Corrective Actions & Future Obligations

  • The order directs the release of the specified fund; no additional compliance measures or future obligations were stipulated.

Final Ruling & Enforcement

  • The miscellaneous application was allowed and disposed of by the Supreme Court on 22 May 2026.
  • The direction to release Rs. 50,000 is enforceable as per the Court’s order.