Authority: Supreme Court of India
Order Date: 17-09-2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 24822/2023, arising out of the impugned 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.
- Petitioner: Pankaj Kumar Tibrewal, acting as Resolution Professional for Incab Industries Limited.
- Respondent: The Custodian & Ors.
- Interlocutory Applications: IA No. 229204/2023 (exemption from filing copy of the impugned judgment) and IA No. 279401/2024 (substituted service).
- Hearing conducted on 17-09-2026 before a two‑judge bench comprising Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Arun Palli.
- Counsel for petitioner: Mr. Palash Singhai (Advocate on Record), Mr. Harshal Sareen (AOR), Ms. Aashima Gautam (Advocate).
- Counsel for respondents: Mr. Siddharth Sangal, Ms. Richa Mishra (AOR), Ms. Kashish Tewatia, Ms. Mrinalini Tandon, Ms. Mrigna Tyagi, Mr. Vishal Meghwal, Mr. Jagdish Chandra, Ms. Aishwarya Sinha, Mr. Niteen Kumar Sinha, Ms. Pragati Srivastava (AOR), Ms. A. Kaushal, Mr. Syed Mehdi Imam (AOR).
Final Outcome
1. IA No.279401 of 2024 for substituted service is allowed.
2. The petitioner must file a compliance affidavit within a period of four weeks from the order date.
3. The matter is listed for further hearing on 23 November 2026.
4. The interim order previously granted by this Court shall continue to operate.
Topics: Insolvency, Supreme Court Order