SC Stays Resolution Plan in Majumdar Appeal

Authority: Supreme Court of India

Order Date: 18-09-2026

Case Overview

• Parties: Appellant – Ashutosh Majumdar; Respondents – Omkara Asset Reconstruction Private Limited and another party (ANR).
• Applications: IA No. 251670/2026 seeking permission to file additional documents/facts/annexures; IA No. 250778/2026 seeking a stay.
• Hearing: Conducted on 18‑September‑2026 before a bench comprising Hon'ble Mr. Justice Pamidighantam, Mr. Justice Sri Narasimha, and Mr. Justice Alok Aradhe.
• Counsel for Appellant included Sr. Adv. Dr. A. M. Singhvi and a team of advocates; counsel for Respondents included Sr. Adv. S. Niranjan Reddy and a team of advocates. The Registrar‑cum‑PS Assistant Registrar, Mr. Jayant Kumar Arora, signed the order.

Order

1. Issue notice to the parties, with a return date fixed as 02‑Nov‑2026.

2. Pending disposal of the civil appeal, any Resolution Plan (if prepared) shall not be finalised.

Final Outcome

• The court has directed that no resolution plan may be finalized until the appeal is disposed of, effectively staying any restructuring actions related to the matter.
• Parties must respond to the issued notice by the stipulated return date of 02‑Nov‑2026.

Topics: Court Order, Asset Reconstruction