Authority: Supreme Court of India
Order Date: 10 September 2026
Case Overview
- Parties: Appellant – Moniveda Consultants LLP; Respondent – Shajas Developers Private Limited.
- The matter arises from Miscellaneous Applications No. 2558‑2559/2026 filed in Civil Appeals No. 9052‑9053/2022.
- Background: The Supreme Court had earlier directed the parties to appear before the NCLT, Mumbai Bench (Court IV) on 19 March 2026.
- The Original Applicants filed an Insolvency Application (IA) under the Companies Act, No. 106/2026, seeking amendment of Corporate Petition No. 159/(MB)/2021.
- IA No. 106/2026 was considered on 30 March 2026, allowed on 1 June 2026, and the amended Corporate Petition was listed for hearing on 24 June 2026.
- The NCLT was expected to render final orders in July 2026 after completion of pleadings by the end of June 2026.
- Subsequent development: NCLT Mumbai closed the hearing and reserved its judgment on 4 August 2026, granting the parties liberty to file written submissions by 14 August 2026.
Final Outcome
- The Supreme Court disposed of Miscellaneous Applications Nos. 2558‑2559/2026, directing the NCLT to deliver its decision as early as possible, preferably by 31 October 2026.
- Consequently, the applications stand disposed of, and any pending applications, if any, also stand disposed of.
Topics: Court Proceedings, Insolvency