Shree Ganesh Jewellery Stay Order Supreme Court

Authority: Supreme Court of India

Order Date: 16-10-2026

Case Overview

• Petition: Special Leave to Appeal (Criminal) No. 19438/2026, arising from impugned judgment and order dated 05-08-2026 in CRR No. 3014/2026 passed by the High Court at Calcutta.
• Parties: Petitioner – M/S. SHREE GANESH JEWELLERY HOUSE (I) LIMITED; Respondents – NILESH PAREKH alias NILLESH PAREKH & ORS.
• Bench: Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Arun Palli.
• Counsel for Petitioner: Mrs. Madhavi Divan (Senior Advocate), Mr. Aayush Kevlani, Mr. Kunal Yograj Verma, Mr. Sajal Jain (AOR).
• Counsel for Respondents (caveat): Mr. Sidharth Luthra (Senior Advocate).
• Registrar: Nirmala Negi, Nikita Singh, Assistant Registrar‑cum‑PS Court Master (NSH).
• Background: The High Court order dated 05‑08‑2026 (CRR No. 3014/2026) affected the liquidation process of the petitioner. An earlier order dated 10‑12‑2025 was passed by the Special (CBI) Court No.1, City Sessions Court, Bichar Bhawan, Kolkata, which the petitioner seeks to revive.

Final Outcome

1. The Court heard the counsel and ordered that a notice be issued, returnable on 04‑12‑2026.

2. A stay of operation of the impugned High Court order dated 05‑08‑2026 was granted. Consequently, the order dated 10‑12‑2025 passed by the Special (CBI) Court shall stand revived.

3. Any action taken by the liquidator will remain pending and subject to the final outcome of this Special Leave Petition.

Topics: Insolvency, Judicial Order