Case Details

  • Case Name: Greater Noida Industrial Development Authority vs. Devashis Nanda & Anr.
  • Court: Supreme Court of India, Civil Appeal No.8183/2026, Diary No.64909/2025.
  • Order Date: 26‑05‑2026.
  • Impugned Order: National Company Law Appellate Tribunal (NCLAT) judgment dated 11‑09‑2025 in CAAT(I) No.2136/2024 (Company Appeal (AT) (Insolvency)).
  • Period of Dispute: Not applicable (appeal challenges the NCLAT order).

Parties Involved

  • Petitioner: Greater Noida Industrial Development Authority (GNIDA).
  • Respondents: Devashis Nanda & Anr.
  • Counsel for Petitioner: Mr. Ravindra Kumar, Sr. Adv.; Mr. Binay Kumar Das, AOR; Ms. Priyanka Das, Adv.; Ms. Neha Das, Adv.; Mr. Shivam Saksena, Adv.
  • Counsel for Respondents: Mr. Suman Batra, Adv.; Mr. Shashwat Anand, AOR; Ms. Geetika Sharma, AOR.
  • Judges: Justice J.B. Pardiwala, Justice Vijay Bishnoi.

Issues / Allegations / Violations

  • Petitioners sought condonation of delay in filing IA No.334590/2025 and stay application IA No.334592/2025, and challenged the NCLAT order dated 11‑09‑2025 in Company Appeal (AT) (Insolvency) No.2136/2024.
  • No specific allegations of statutory breach or financial misconduct are detailed in the Supreme Court order.

Findings & Observations

  • The Supreme Court, after hearing counsel, decided not to disturb the impugned NCLAT judgment and order dated 11‑09‑2025.
  • The Court condoned the delay in filing the applications.

Penalties / Settlements / Directions

  • No monetary penalties or settlements were imposed.

Corrective Actions & Future Obligations

  • The Court ordered that any pending applications, if any, shall stand disposed of.
  • The question of law, if any, is kept open for future consideration.

Final Ruling & Enforcement

  • The civil appeal is dismissed.
  • The order is signed by Justices J.B. Pardiwala and Vijay Bishnoi on 26‑05‑2026.