Authority: Supreme Court of India
Order Date: 08-09-2026
Case Overview
- Parties: Appellant M/S Jaiprakash Associates Ltd vs Respondents State of Himachal Pradesh & Others.
- The matter is Civil Appeal No.7625/2012; an application for abatement (IA No.243003/2026) was filed by the respondents on 08‑09‑2026.
- During the pendency of the appeal, the appellant company underwent Insolvency and Bankruptcy Code (IBC) proceedings which have attained finality, with the resolution applicant now managing the company's affairs.
- Senior Counsel for the appellant submitted that the company continues to exist, referencing Supreme Court judgments in Ghanashyam Mishra & Sons (P) Ltd. v. Edelweiss Asset Reconstruction Co. Ltd. (2021) 9 SCC 657 and Ruchi Soya Industries Ltd. v. Union of India (2022) 6 SCC 343.
Final Outcome
- The Court held that the appeal is abated.
- It directed that documents confirming the conclusion of the IBC proceedings in favor of the present management be placed on record.
- The appellant is to file a convenient compilation together with a list of dates and a synopsis of the IBC process.
- The appeal is listed for further hearing on 06‑10‑2026 on top of the Board.
Topics: Insolvency, Court Order