Authority: Supreme Court of India

Order Date: 28 July 2026

Case Overview

  • Parties: Appellant – Devakonda Sunil Kumar; Respondents – M/s Arvensis Energy Private Limited and another party.
  • Appeal: Civil Appeal No.9335/2026 filed against the order of the National Company Law Appellate Tribunal (NCLAT), Chennai, dated 22 June 2026 (Company Appeal (AT) (CH) (Ins) No.302/2026, IA No.860 of 2026).
  • Proceedings: The matter was heard before Hon'ble Justices J.B. Pardiwala and K. Vinod Chandra. Counsel for both sides were listed, including senior advocates for the appellant and respondent.
  • Key Issues: Whether there were sufficient grounds to interfere with the NCLAT’s decision.
  • Observations: The Court, after reviewing the record and arguments, found no good ground to interfere with the impugned NCLAT order.
  • Pending Applications: A stay application (IA No.210682/2026) and any other pending applications were addressed.

Final Outcome

  • The Civil Appeal No.9335/2026 is dismissed.
  • The NCLAT order dated 22 June 2026 remains in force.
  • All pending applications, including the stay application, are disposed of.

Topics: Court Decision, Company Law