Authority: Supreme Court of India
Order Date: 23-07-2026
Case Overview
- Civil Appeal Nos.10267‑10271/2025 filed by the Consortium of DS Infraheights Pvt Ltd and Anand Buildtech Pvt Ltd (appellants) against M/s NISUS Finance and Investment Infratech Pvt Ltd & Ors (respondents).
- Multiple Interim Applications (IA) listed, including IA No.205910/2026 and IA No.202751/2026, were pending before the Court.
- Hearing conducted before Hon'ble Mr. Justice M.M. Sundresh and Hon'ble Mr. Justice Prasanna B. Varela on 23 July 2026.
- Senior Counsel for the parties were: for the appellants – Mr. V. Giri, Sr. Adv., Mr. K. Vivek Reddy, Sr. Adv., Ms. Ranjeeta Rohatgi (AOR) and others; for the respondents – Mr. Shikhil Shiv Suri, Sr. Adv., Mrs. Madhu Suri, Adv., and a team of additional counsel.
Final Outcome
- The Court, after hearing arguments on IA No.205910/2026 and IA No.202751/2026, directed the National Company Law Tribunal (NCLT) to dispose of similar applications filed before it that seek approval of the withdrawal/settlement proposal and termination of the Corporate Insolvency Resolution Process (CIRP) on merits, after affording an opportunity of being heard to all parties, including the home buyers.
- The order is to be passed notwithstanding the pendency of the present appeals; the Court expressly stated that it has not examined the merits of the contentions.
- Consequently, the applications are deemed disposed of.
- The Court instructed that the appeals be listed in due course.
- The order was signed by Court Master (SH) Assistant Registrar Kritika Tiwari and Poonam Vaid.
Topics: Insolvency, Corporate Law