Authority: Supreme Court of India
Order Date: 21 July 2026
Case Overview
- Parties: Appellant M/s Raghaava Square Private Limited vs Respondent M/s IVRCL Limited & others; Applicant State Bank of India & others.
- The application arose from an impugned judgment and order dated 24‑June‑2026 in Civil Appeals Nos. 8467‑8470/2026.
- The matter was heard on 21‑July‑2026 before the Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M. Pancholi.
Observations and Directions
- The Court stated it is not inclined to recall the order dated 24‑June‑2026.
- The official liquidator is directed to determine the eligibility of applicants to participate in a fresh auction, in accordance with law, irrespective of any earlier adjudication by NCLT/NCLAT.
- A three‑month period is granted for the refund of the amount.
- IA No.194250/2026 and Miscellaneous Application are disposed of as per the signed order.
- On oral mentioning, M.A. Diary No.41603/2026 (in Civil Appeals Nos.8467‑8470/2026) is taken on board and disposed of.
- Any pending applications, if any, shall also stand disposed of.
Final Outcome
- The earlier Supreme Court order of 24‑June‑2026 remains effective; the liquidator has discretion over auction eligibility, and the refund timeline is extended by three months. All pending applications are dismissed.
Topics: Insolvency, Auction Eligibility, Court Order