Authority: Supreme Court of India

Order Date: 27‑10‑2026

Case Overview

  • Parties: Petitioner – Sona Bansal; Respondents – Vashisht Kumar Goyal & Ors., including Indian Bank (Respondent No.4) and Brightlane Infraspace Pvt. Ltd. (interested party).
  • Nature of Proceeding: Miscellaneous application (Diary No. 54224/2026) seeking condonation of delay and enforcement of an earlier Supreme Court direction to the NCLAT.
  • Earlier Supreme Court Order (15‑07‑2026): Directed that the matter be listed before the NCLAT Principal Bench, New Delhi on 23‑07‑2026 and that the NCLAT treat the Supreme Court’s request as a binding direction. It also noted a pending Section 7 IBC application before the NCLT.
  • Developments Since Earlier Order: The NCLAT has not heard the matter as of the present date. Meanwhile, the NCLT has pronounced and admitted the Section 7 IBC application that was earlier reserved.
  • Counsel Appearances: For the petitioner – Senior Counsel Kapil Sibal and Meenakshi Arora; for Respondent No.1 – Mr. J. Rajesh; for Respondent No.4 – Mr. Rajesh Kumar Gautam; among others.

Final Outcome

1. Delay in filing is condoned.

2. The Supreme Court reiterates that its earlier request to the NCLAT is a direction and non‑compliance will be taken very seriously.

3. The Court expresses “disturbance” at the NCLAT’s failure to hear the matter and orders the NCLAT to:

  • Provide an explanation as to why the matter has not been heard despite the Supreme Court’s direction.
  • Conduct the hearing on 17‑11‑2026.
  • Issue notice returnable on 19‑11‑2026.
  • Permit dasti service of the notice.
  • Not constitute a Committee of Creditors (CoC) in the interim.

4. The Court cites precedents (Spencer & Co. Ltd. v. Vishwadarshan Distributors Pvt. Ltd.; Bayer India Ltd. v. State of Maharashtra) to underscore that orders of the Supreme Court are binding on all courts and tribunals under Article 142 of the Constitution.

5. The Court warns that any failure to obey this direction will be examined seriously and appropriate action may follow.

Topics: Judicial Direction, Insolvency Proceedings, NCLAT Compliance