Authority: Supreme Court of India

Order Date: 03 July 2026

Case Overview

  • Petition for Special Leave to Appeal (C) No. 24822/2023 filed by Pankaj Kumar Tibrewal, Resolution Professional of Incab Industries Limited, challenging the final judgment and order dated 04‑08‑2023 in MA No.92/2006 passed by the Special Court (Trial of Offences Relating to Transaction in Securities) Act 1992 at Mumbai.
  • Respondents: The Custodian & Ors.
  • Related interim applications: IA No. 229204/2023 (exemption from filing copy/certificate of the impugned judgment) and IA No. 279401/2024 (substituted service), both dated 01‑07‑2026.
  • Bench: Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Shree Chandrashekhar, Partial Court Working Days Bench.
  • Counsel for petitioner: Mr. Palash Singhai (Advocate on Record). Counsel for respondents: Mr. Siddharth Sangal (Advocate on Record) and a team of advocates including Ms. Richa Mishra, Ms. Kashish Tewatia, Ms. Mrinalini Tandon, Mr. Jagdish Chandra, Mr. Niteen Kumar Sinha, Ms. Aishwarya Sinha.

Final Outcome

1. The Court allowed the petitioner’s request for time to cure defects in the application for substituted service, directing that the cure be effected within two weeks of this order.

2. The matter was listed for further hearing on 11 September 2026.

3. An interim order was issued to continue the proceedings until the next hearing date.

Topics: Securities Law; Court Procedure