Supreme Court Grants Six-Week Withdrawal to NIAC

Authority: Supreme Court of India

Order Date: 06 Aug 2026

Case Overview

• Petition: Miscellaneous Application No. 146/2026 in C.A. No. 489/2022 filed by New India Assurance Co. Ltd (Petitioner) against M/s. Shanti Sugar Industries & Ors (Respondents), concerning a suitor fund held with the Court Registry.
• Hearing Date: 05 Aug 2026 before Hon'ble Mr. Justice Augustine George Masih (in chamber).
• Counsel for Petitioner: Mr. Amit Kumar Singh (AOR), Ms. K Enatoli Sema (AOR), Adv. Ms. Chubalemla Chang, Adv. Mr. Prang Newmai.
• Counsel for Respondent: Mr. Rohit Amit Sthalekar (AOR).
• Core Issue: Respondents sought direction on withdrawal of the suitor fund amount currently lying with the Registry.

Final Outcome

1. Respondents are granted a period of six weeks from the order date to file an application for withdrawal of the suitor fund amount.

2. The matter will be listed again after the six‑week period for further hearing.

3. The Registry is directed to communicate this order immediately to the respondents.

Topics: Legal Procedure, Suitor Fund Withdrawal