Settlement Notice Issued in Tommorrowland v Essar

Authority: Supreme Court of India

Order Date: 13-07-2026

Case Overview

• Petitioners: Tommorrowland Limited (Managing Director) filed Special Leave to Appeal (SLP) No.21651/2026 against Essar Capital Ltd, arising from the Delhi High Court’s final judgment and order dated 20‑02‑2026 in FAOOS No.48/2022.
• Multiple related applications were listed, including IA Nos. 178316/2026, 179790/2026, 180199/2026, 188265/2026, and SLP Nos. 21736/2026, 21756‑21757/2026, 21688/2026, 22658/2026.
• Counsel for the petitioner comprised Mr. Pawan Sachdeva, Mr. Ishaan Sachdeva, Mr. Gaurav Dhingra, and AOR Mr. Shashank Singh; counsel for the respondent was present.
• The court noted that some underwriters have accepted liability and have paid the amount claimed by the petitioner.

Final Outcome

• The Court issued a notice to the parties, returnable within four weeks, to explore an amicable settlement in view of the underwriters’ payment.

Topics: Legal Settlement, Supreme Court Proceedings