Supreme Court Dismisses ASREC Appeals, Grants Filing Permission

Authority: Supreme Court of India

Order Date: 11 August 2026

Case Overview

• Parties: Appellant – M/S ASREC (India) Ltd; Respondents – Sandeep Mittal & others.
• Appeals: Civil Appeal No. 12210/2024 (and related diary numbers 44850/2024 and 49738/2024) challenging decisions of the National Company Law Appellate Tribunal (NCLAT).
• Issues: Jurisdictional question raised by the appellant; request for permission to file appeal and condonation of delay in refiling.
• Court Composition: Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe.
• Counsel: Senior counsel for both parties listed; multiple advocates appeared on behalf of appellant and respondents.

Final Outcome

1. Permission to file appeal in Diary No. 44850/2024 is granted.

2. Delay in refiling in Diary No. 49738/2024 is condoned.

3. The Supreme Court holds that the NCLAT did not commit any error in law or fact and agrees with its conclusions on the jurisdictional question.

4. The appellant’s right to recovery is expressly kept open; the Court refrains from commenting on other remedies under the Recovery of Debts and Bankruptcy Act.

5. Both civil appeals are dismissed, and any interlocutory applications, if present, are disposed of.

6. The order was digitally signed by Justice Priyanka Malik on 18 August 2026 (13:13:03 IST).

Topics: Insolvency, Court Decision