Authority: Supreme Court of India, Civil Appellate Jurisdiction
Order Date: September 21, 2026
Case Overview
- Parties: Appellant – Planet Builders and Developers; Respondents – Rajkumar Jhwar & Ors.
- Proceedings: Civil Appeal No.12481/2026 filed seeking admission of the dispute under Section 62 of the Insolvency and Bankruptcy Code, 2016.
- Counsel: Senior Counsel S. Niranjan Reddy (with a team of advocates) represented the appellant; Counsel Sonal Anand represented the respondents.
- Observations: The Court noted the "peculiar facts and circumstances" of the case and concluded that the criteria for admission under Section 62 of the IBC were not satisfied.
- Precedential Note: The Court expressly stated that the order should not be treated as a precedent, emphasizing its fact‑specific nature.
- Pending Applications: Any pending applications, if any, were ordered to stand disposed of.
Final Outcome
- The Civil Appeal No.12481/2026 is dismissed in its entirety.
- No further relief is granted to the appellant.
- The order is non‑precedential and all pending applications are disposed of.
Topics: Insolvency, Supreme Court Decision, Real Estate Litigation