Authority: Supreme Court of India

Order Date: 30-09-2026

Case Overview

  • Parties: Appellant – Orris Infrastructure Private Limited; Respondents – Rakesh Kumar Gupta & others, including Greenopolis Welfare Association and Safalta Goel.
  • Civil Appeals Nos. 6797‑6801/2023 (Orris Infrastructure), 6792‑6796/2023 (Greenopolis Welfare Association), and 6802‑6806/2023 (Safalta Goel) were heard by a Bench of Hon'ble Justice Pamidighantam Sri Narasimha and Hon'ble Justice Alok Aradhe.
  • The appeals challenged multiple NCLAT orders: Comp. App. (AT) (Ins) Nos. 444, 651, 370, 602, and 1379 of 2022.
  • The Court also considered Contempt Petitions (C) Nos. 249‑253/2025 and a series of intervention/impleadment applications (IA Nos. 206690‑206691, 236614, etc.).

Directions & Findings

  • The Supreme Court allowed the appeals in part, setting aside the aforementioned NCLAT judgments.
  • It restored the Corporate Insolvency Resolution Process (CIRP) proceedings No. IB‑2721/ND/2019 before the Adjudicating Authority (AA), reverting to the original case number.
  • The AA is directed to decide on the continuation of the CIRP, taking into account:
  • The conclusive finding of fraud and collusion by the original applicant M/s Straight Edge Contracts Pvt. Ltd.
  • Ownership issues of the Greenopolis project.
  • Submissions from the Resolution Professional (RP), Committee of Creditors (CoC), and other stakeholders, notably homebuyers who have pursued other statutory and judicial remedies.
  • If the AA opts to continue the CIRP, it must conclude the proceedings expeditiously due to the long pendency of the case.
  • All pending Contempt Petitions (C) Nos. 249‑253/2025 are closed, and all pending applications for intervention/impleadment are disposed of.
  • The signed reportable judgment was placed on the file by Court Master Kapil Tandon.

Final Outcome

  • The Supreme Court partially upheld the appeals, nullified five NCLAT orders, reinstated the original CIRP case number, and mandated swift resolution of the insolvency process, while terminating all related contempt and intervention applications.

Topics: Insolvency, Court Judgment