Authority: Supreme Court of India

Order Date: 05-10-2026

Case Overview

  • Petition for Special Leave to Appeal (C) No. 34320/2026 filed by MS MIR ASSETS FIVE PRIVATE LIMITED DIRECTOR against the impugned final judgment and order dated 21‑09‑2026 in WP No. 25720/2026 of the High Court of Andhra Pradesh at Amravati.
  • Respondents: PAPPULA MASENU VENKANNA AND ORS, with related applications IA No. 297707/2026 (exemption from filing C/C of the impugned judgment) and IA No. 297706/2026 (permission to file additional documents/facts/annexure).
  • Bench: Hon'ble Mr. Justice Ujjal Bhuyan and Hon'ble Mr. Justice Atul S. Chandurkar.
  • Counsel for petitioner: Senior Counsel Mr. K. Parameshwar, Mr. Shruti Shivkumar, Mr. Sahil Sood (AOR). Counsel for respondents: Ms. Shivika Mehra (AOR), Mr. Abhishek Batra, Mr. Akash Madan, Mr. Rohit Ojha, Mr. Ayush Shukla, Mr. Rajesh Kumar Gautam, Mr. Azal Aekram, Mr. Anant Gautam, Mr. Rishi Chauhan, Mr. Aman Gahlot.

Order

1. Notice issued to be returned on or before 19‑01‑2027.

2. The status‑quo order passed by the High Court in Clause‑(v) of paragraph 40 of its impugned order dated 21‑09‑2026 is stayed.

3. The parties are granted liberty to raise the ground concerning pre‑deposit of the statutory amount before the Debt Recovery Appellate Tribunal, notwithstanding paragraph 25 of the High Court’s impugned order.

Final Outcome

  • The Supreme Court stays the High Court’s status‑quo direction, sets a deadline for return of notice (19‑01‑2027), and allows the parties to contest the pre‑deposit requirement before the DRAT.

Topics: Special Leave to Appeal, Stay Order, Debt Recovery Appellate Tribunal