Regulation And Legal
Supreme Court Condones Delay for Shanders Properties
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
26th May 2026
Case Details
- Case Name: Arbitration Petition (Diary No(s). 73062/2025)
- Petitioner: Shri K. Rajesh
- Respondents: M/s Shanders Properties Private Limited & Ors.
- IA No.: 154416/2026 (Condonation of Delay in Refilling / Curing the Defects)
- Date of Hearing: 26-05-2026
- Court: Supreme Court of India
- Coram: Hon'ble Chief Justice Justice Joymalya Bagchi
- Order Date: 26-05-2026
Parties Involved
- Petitioner Counsel: Ms. Jayasree Narasimhan, Advocate on Record (AOR) Mr. D Bhanu Pradeep
- Respondent Counsel: Not listed in the order
- Registrar: Nitin Talreja, Preethi Dileep Kumar (Assistant Registrar)
Issues / Allegations / Violations
- Petition sought condonation of delay for refiling and curing defects in the arbitration proceedings.
- The specific nature of the defects or the underlying arbitration dispute is not detailed in the order.
Findings & Observations
- The Court, after hearing counsel, found merit in granting condonation of delay.
- No further legal reasoning or precedent is cited in the order.
Penalties / Settlements / Directions
- Direction 1: Delay is condoned.
- Direction 2: Issue notice to the respondents, which must be returned on or before 31.07.2026.
Corrective Actions & Future Obligations
- Respondents are required to file their response to the notice by the stipulated deadline of 31 July 2026.
- Compliance with the notice will determine subsequent procedural steps in the arbitration matter.
Final Ruling & Enforcement
- The Supreme Court’s order effectively restores the petitioner's ability to proceed with the arbitration by allowing the refiling/curing of defects.
- Enforcement of the notice deadline will be overseen by the Assistant Registrar(s) mentioned.