Authority: Supreme Court of India
Order Date: 05-10-2026
Case Overview
- Civil Appeal No.13093/2026 filed by appellant Naresh Chand against respondents Mani Mahesh Ispat Pvt Ltd (Respondent No.1) and an Interim Resolution Professional (Respondent No.2) concerning a corporate insolvency resolution process.
- The matter was listed for admission on 05‑Oct‑2026 before a bench comprising Hon’ble Mr. Justice Pamidighantam Sri Narasimha and Hon’ble Mr. Justice Alok Aradhe.
- The appellant, represented by senior counsel Mr. Abhinav Mukerji, confirmed that a settlement had been reached with Respondent No.1 pursuant to the Court’s earlier direction dated 28‑Sep‑2026.
- Respondent No.2, the Interim Resolution Professional, was directed to file a detailed affidavit disclosing the current stage of the CIRP, a full schedule of the company’s assets, and specifically the status of the property located at E‑13/11, First Floor, Vasant Vihar, Delhi‑110057, which is subject to a Deed of Agreement dated 14‑Feb‑2024.
- The affidavit must be filed within two weeks from the date of this order.
Final Outcome
- Settlement between appellant and Respondent No.1 is recorded.
- Status‑quo as of 05‑Oct‑2026 is to be maintained by the parties pending the affidavit.
- The Court has listed the matter for further hearing on 26‑Oct‑2026.
Topics: Insolvency, Court Order