Authority: Supreme Court of India
Order Date: 09 July 2026
Case Overview
- Parties: Appellant Sanjeev Kumar Jain vs Respondent Asset Reconstruction Company (India) Limited & Anr.
- Civil Appeal No. 8776 of 2026 filed challenging the High Court of Delhi order dated 23‑09‑2025 (CM(M) No. 1867/2025) which had dismissed Jain's challenge to the adjudicating authority’s order dated 20‑08‑2025 reviving an application under Section 7 of the Insolvency and Bankruptcy Code, 2016.
- A Special Leave Petition (SLP) (Civil) Diary No. 39702/2026 was also filed, seeking to question the correctness of the High Court order.
- Counsel for the appellant included senior advocates Vikas Singh, Navin Pahwa, Krishnendu Datta, among others. Counsel for the respondents included senior advocates Siddharth Bhatnagar, Neeraj Kishan Kaul, Nalin Kohli, and others.
Observations & Reasoning
- The Court, after reviewing submissions and the record, was not inclined to interfere with the impugned order of the High Court.
- The Civil Appeal was dismissed, with the Court noting that the appellant remains free to approach the Committee of Creditors (CoC) under Section 12A of the IBC for any further remedy, which will be decided on its own merits.
- Regarding the SLP, permission to file was granted and the delay was condoned. However, the Court found no substantive ground to interfere with the High Court’s order and consequently dismissed the SLP.
- The Court ordered that any pending applications in both the appeal and the SLP be stood disposed of.
Final Outcome
- Civil Appeal No. 8776/2026 dismissed; the High Court order stands.
- Special Leave Petition (SLP) 39702/2026 dismissed after condoning delay.
- All pending applications in both matters are ordered to stand disposed of.
Topics: Insolvency, Supreme Court Order