Case Details

  • Appeal No.: Civil Appeal No. 8083/2026
  • Parties: Omkara Asset Reconstruction Private Limited (Appellant) vs Ashutosh Majumdar & Anr. (Respondents)
  • Court: Supreme Court of India, Partial Court Working Days Bench
  • Judges: Hon’ble Mr. Justice Pamidighantam Sri Narasimha, Hon’ble Mr. Justice Aravind Kumar
  • Date of hearing: 05-06-2026
  • Relevant provision: Section XVII-B

Parties Involved

  • Appellant: Omkara Asset Reconstruction Private Limited, represented by Advocates Abhishek Anand, Karan Kohli, Palak Kalra, Srishti Juneja (AOR)
  • Respondents: Ashutosh Majumdar & Anr., represented by Advocates Mahesh Agarwal, Ankur Saigal, Shivam Shukla, Kaustubh Singh, E.C. Agrawala (AOR)

Issues / Allegations / Violations

  • No substantive allegations were presented; the immediate issue was the non‑presence of the appellant’s Advocate on Record for personal reasons, prompting a request for adjournment.

Findings & Observations

  • The Court noted the appellant’s inability to appear due to personal reasons and deemed adjournment appropriate.
  • The Court emphasized the need for swift resolution and therefore directed the NCLAT to take up the matter expeditiously.

Penalties / Settlements / Directions

  • Direction 1: Adjourn the matter as the appellant’s Advocate on Record is absent.
  • Direction 2: Request the National Company Law Appellate Tribunal (NCLAT) to take up and dispose of the appeal as expeditiously as possible.
  • Direction 3: List the matter for hearing on 14 July 2026.

Corrective Actions & Future Obligations

  • The appellant must ensure representation before the Court or NCLAT for the next scheduled hearing.
  • Parties must appear before NCLAT on the listed date for further adjudication.

Final Ruling & Enforcement

  • The Supreme Court order adjourns the present proceedings and mandates NCLAT involvement, with the next hearing fixed for 14 July 2026.