Authority: Supreme Court of India

Order Date: 15-09-2026

Case Overview

  • Parties: Petitioner – The Secretary, Department of Financial Services; Respondents – M/S Edelweiss Asset Reconstruction Company Ltd. and others.
  • Petitions: Special Leave to Appeal (C) Nos. 6807‑6808/2022 arising from impugned judgment and order dated 27‑09‑2021 and 17‑11‑2021 in WPC No. 3668/2021 of the Delhi High Court.
  • Additional Applications: IA No. 55794/2022 (exemption from filing C/C of the impugned judgment); W.P.(C) No. 121/2026 (X) – IA No. 325655/2025 (stay application); T.P.(C) Nos. 636‑645/2023 (IV‑B) – IA No. 2188/2024 (addition/deletion/modification of parties); IA No. 51070/2023 (grant of interim relief); IA No. 228013/2023 (intervention/impleadment).
  • Counsel for Petitioner: Mr. Swastik Verma (AOR), Mrs. Aishwariya Bhati (A.S.G.), Mr. Gurmeet Singh Makker (AOR), Mr. Shashank Bajpai, Adv., Mr. Padmesh Mishra, Adv., Mr. Bhuvan Kapoor, Adv., Mr. Raman Yadav, Adv., Mr. Raj Bahadur Yadav (AOR).
  • Counsel for Respondents: Mr. Amarjit Singh Bedi (AOR) with Mr. R P Agrawal, Adv.; Mr. Varun Chandiok, Adv.; Ms. Manisha Agrawal, Adv.; Ms. Riya Seth, Adv.; and additional advocates including Ms. Reema Mishra, Adv.; Mr. Armaan Sharma, Adv.; Mr. Amit Pai, AOR; Ms. Pankhuri Bhardwaj, Adv.; Mr. Arjun Sagar, Adv.; Mr. Kumar Vishwajeet, Adv.; Mr. Rohit K. Singh, AOR; Mr. Pritam Bishwas, Adv.; Mr. Sandeep Sudhakar Deshmukh, AOR; Mr. Anand Dilip Landge, Adv.; Mr. Siddharth Dharmadhikari, Adv.; Mr. Aaditya Aniruddha Pande, AOR; Mr. Shrirang B. Varma, Adv.; Mr. Vivek Jain, AOR; Mr. Poornachandran R., Adv.; Ms. Sivani KMS, Adv.; Ms. Tahura Anzar, Adv.; Ms. Ishika Swami, Adv.; Mr. Vairawan A.S., AOR.
  • Bench: Hon’ble Chief Justice, Hon’ble Mr. Justice Joymalya Bagchi, Hon’ble Mrs. Justice V. Mohana.

Final Outcome

  • The Court ordered that the matter be listed for further hearing on 29‑10‑2026, as recorded by the Assistant Registrar‑cum‑Principal Secretary and Deputy Registrar (Nitin Talreja, Preethi Dileep Kumar).

Topics: Court Proceedings, Asset Reconstruction, Financial Services Regulation