Regulation And Legal
New India Assurance Granted 4-Week Extension
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
23rd May 2026
Case Details
- Case name: New India Assurance Company Ltd. vs M/s Manshu Comptel Pvt. Ltd. & Ors.
- Miscellaneous Application No. 2613/2025 in C.A. No. 3650/2022.
- Court: Supreme Court of India, Chamber.
- Date of hearing/order: 20-05-2026.
- Presiding Justice: Hon'ble Mr. Justice Satish Chandra Sharma.
Parties Involved
- Petitioner: New India Assurance Company Ltd.
- Respondents: M/s Manshu Comptel Pvt. Ltd. and others.
- Petitioner's counsel: Ms. Awantika Manohar, AOR Ms. Parul Dhurvey, Advocate.
- Respondent's counsel: Mr. Nitin Tambwekar, Advocate; Mr. Seshatalpa Sai Bandaru, AOR.
Issues / Allegations / Violations
- Petition seeks withdrawal of the amount lying in the suitor’s fund held in the Registry.
Penalties / Settlements / Directions
- Court grants both parties four weeks to file an appropriate application for withdrawal of the suitor fund amount.
- The matter is to be listed again after the four‑week period.
Final Ruling & Enforcement
- Order as above; parties must comply within the stipulated timeframe.