Authority: Supreme Court of India
Order Date: 20-07-2026
Case Overview
- Petitioners: Solapur Municipal Corporation & Anr; Respondents: Galore Developers Private Limited & Ors.
- The Special Leave Petition (Civil) (Diary No.33996/2023) arises from an impugned final judgment and order dated 06-10-2022 in WP No.11776/2022 passed by the High Court of Judicature at Bombay.
- The petition challenges the High Court's decision; the Supreme Court heard arguments on 20 July 2026 before Hon'ble Justices Ahsanuddin Amanullah and Manmohan.
- During the hearing, the Court was informed that insolvency and bankruptcy code (IBC) proceedings have been initiated against Respondent No.1 (Galore Developers), resulting in certain consequences.
- The parties could not reach unanimity or clarity regarding the exact stage of the IBC proceedings, which was a point of contention in the petition.
Final Outcome
- The matter is listed for further hearing on 20-08-2026 to allow the parties to clarify the stage of the IBC proceedings.
- Senior Counsel for Respondent No.1 is directed to bring on record copies of all relevant documents pertaining to the IBC proceedings.
- Senior Counsel for the Petitioners is also at liberty to submit the up‑to‑date position of the case.
- No substantive order on the merits of the petition was passed; the Court merely adjourned the case to obtain necessary documentation and clarification.
Topics: Insolvency, Court Proceedings