Supreme Court Orders Rs 5 Crore Deposit

Authority: Supreme Court of India, Bench of Hon'ble Mr. Justice Pamidighantam, Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe

Order Date: 24-08-2026

Case Overview

• Parties: Appellant – Ashutosh Majumdar; Respondents – Omkara Asset Reconstruction Private Limited and another (ANR).
• Nature: Civil Appeal No. 11074/2026; applications filed include IA No. 251670/2026 (permission to file additional documents/facts/annexures) and IA No. 250778/2026 (stay application).
• Counsel: Appellant represented by Senior Advocate Mr. Neeraj Kisan Kaul and a team of advocates; Respondent represented by Senior Advocate Mr. Rajiv Shamsher and counsel team.
• Court directed that the appellant must deposit Rs 5 crore before the Registry within three weeks from the hearing date.

Final Outcome

• Notice to be issued subject to the Rs 5 crore deposit.
• The deposited sum shall be placed in a short‑term interest‑bearing Fixed Deposit with a nationalised bank on an auto‑renewal basis.
• Permission for “Dasti” was also granted.
• The matter is scheduled to be listed again on 18‑09‑2026.
• Order signed by Assistant Registrar‑cum‑PS, Jayant Kumar Arora.

Topics: Court Order, Asset Reconstruction, Security Deposit