Regulation And Legal
Supreme Court Allows Bouyant Fund Withdrawal
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
23rd May 2026
Case Details
- Case Name: Bouyant Technology Constellations Pvt. Ltd (formerly Mantri Technology Constellations Pvt. Ltd.) vs Suman Kumar Jha & Anr.
- Miscellaneous Application No.: 2474/2025
- C.A. No.: 3467/2022
- Court: Supreme Court of India
- Date of hearing: 20-05-2026
- Section: XVII-A, Item No.1721, Court No.10
- Coram: Hon’ble Mr. Justice Satish Chandra Sharma (In Chamber)
Parties Involved
- Petitioner: Bouyant Technology Constellations Pvt. Ltd (formerly Mantri Technology Constellations Pvt. Ltd.)
- Respondent: Suman Kumar Jha & Anr.
- Petitioner's counsel: Mr. Manish Tiwari, Adv.; Mrs. Thashmitha Muthanna, Adv.; Mr. Nishant Anshul, Adv.; Mr. Rishab Kumar T, Adv.; Mr. Shashi Bhushan Nagar, Adv.; M/S. Devasa & Co., AOR
- Respondent's counsel: Mr. Gaurav Goel, AOR
Issues / Allegations / Violations
- Petition sought permission to withdraw the amount lying in the suitor’s fund held in the Registry.
Findings & Observations
- The Court found no impediment to the withdrawal and therefore granted the requested relief.
Penalties / Settlements / Directions
- No monetary penalty imposed.
- Direction: Parties are granted a period of four weeks to file an appropriate application for withdrawal of the amount in the suitor’s fund.
Corrective Actions & Future Obligations
- The parties must file the withdrawal application within the four‑week period.
- The matter will be listed again after the four‑week deadline for further orders.
Final Ruling & Enforcement
- Order issued by the Deputy Registrar (Branch Officer) listing the matter after four weeks.
- Compliance with the four‑week filing requirement is mandatory for further proceedings.