Authority: Supreme Court of India
Order Date: 04-08-2026
Case Overview
- Petitioner: Shiva Shakti Security Services, a provider of security services engaged by the Official Liquidator to guard assets of a company ordered to be wound up.
- Respondents: Official Liquidator & others; State Bank of India is the secured creditor from whom payment is sought.
- The petitioner alleged that it had rendered security services continuously for several years and raised invoices, seeking payment from SBI.
- The petitioner appealed to the High Court (APOT No. 79/2026 & APOT No. 316/2023); the High Court dismissed both appeals, holding that Section 529 of the Companies Act, 1956 does not assist the petitioner and directing the claim to be made before the NCLT.
- The matter subsequently progressed to the Corporate Insolvency Resolution Process (CIRP) before the National Company Law Tribunal (NCLT).
Final Outcome
- The Supreme Court ordered that the petition stands disposed of.
- The petitioner may join the ongoing CIRP before the NCLT and present its claim there.
- All pending applications, if any, are also disposed of.
Topics: Legal Procedure, Corporate Insolvency