Authority: Supreme Court of India
Order Date: 31-08-2026
Case Overview
- Parties: Appellant Pragya Jhunjhunwala (Corporate Guarantor) vs. State Bank of India & others (Respondents).
- Nature of proceeding: Civil Appeal No(s). 10592-10593/2026 seeking grant of interim relief (IA No. 238910/2026).
- Background: The appellant challenges the order of the National Company Law Tribunal (NCLT) that admitted the State Bank of India's application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The appeal was admitted by the National Company Law Appellate Tribunal (NCLAT).
- Contentions: Both sides raised multiple contentions. Two members of the NCLAT were divided on whether interim relief should be granted; a third member subsequently held that the appellant had not made out a case for interim relief.
- Procedural notes: The NCLAT is scheduled to hear the appeal on 10.09.2026.
Final Outcome
- The Supreme Court declined to grant the interim relief sought by the appellant, observing that the matter will be heard by the NCLAT on 10 Sep 2026 and therefore the Court may not need to adjudicate the merits.
- The Court directed that the matter be posted on 15.09.2026 for further orders.
Topics: Interim Relief, Insolvency Law