Authority: Supreme Court of India
Order Date: 01-10-2026
Case Overview
- Petitioners: Committee of Creditors of Moser Baer Solar Limited.
- Respondents: JFC Finance (India) Limited and another.
- The appeal arises from an impugned final judgment and order dated 21‑09‑2026 in IA No. 4727/2026 passed by the National Company Law Appellate Tribunal.
- The petition seeks permission to file a civil appeal and related reliefs.
Court Observations & Directions
- Permission to file the civil appeal was granted.
- Notice to respondents was ordered; however, service was waived after respondents appeared on caveat (Advocates Karan Batura and Sanchit Garga).
- Respondents were given two weeks to file a counter‑affidavit.
- The matter was listed for hearing on 27‑10‑2026.
- Parties were directed to maintain the status‑quo of Rs 54 crore in all aspects until the next hearing.
- Both parties were instructed to complete their pleadings before the next hearing.
Final Outcome
- The Supreme Court allowed the filing of the civil appeal and imposed a status‑quo of Rs 54 crore, with procedural timelines for counter‑affidavit and further pleadings.
Topics: Court Order, Insolvency Appeal, Status‑Quo