Authority: Supreme Court of India

Order Date: 07 August 2026

Case Overview

  • Parties: Momin (Petitioner/Appellant) vs. Oriental Bank of Commerce & Ors. (Respondent); also a separate Civil Appeal No. 9981/2026.
  • Origin: Appeals arise from Diary No. 42356/2026 and challenge the impugned judgment and order dated 13 July 2026 passed by the National Company Law Appellate Tribunal (Principal Bench, New Delhi) in CAAT(I) No. 1404/2024.
  • Counsel: For the appellant(s) – Senior Counsel Gaurav Agrawal, Senior Counsel Dhruv Mehta, and a team of advocates; for the respondent(s) – Advocates Shivam Shukla, Kaustubh Singh, Gopal Jain (through VC), Surender Singh Hooda, Aayushman Aeron, Aditya Hooda.
  • Legal Question: Whether the Supreme Court should interfere with the NCLAT’s order concerning the rights and obligations of the farmer(s) mandated to supply sugar to linked sugar companies and related promoter proposals.

Observations & Reasoning

  • The Court found no good ground to interfere with the NCLAT’s judgment dated 13 July 2026.
  • It recognized that the claim of the farmers, who are statutorily mandated to supply sugar, stands on a different footing but did not alter the NCLAT’s findings.
  • The Court granted the appellant liberty to agitate the issue in an appropriate proceeding before the adjudicating authority, stating any such proceeding will be decided in accordance with law, uninfluenced by observations in the present order.
  • In the second appeal (No. 9981/2026), the Court noted that the promoters intend to submit a proposal and may exercise rights available to them under law; such proceedings will also be decided according to law.
  • Both appeals were disposed of with the above observations, and any pending applications, if any, were ordered disposed of.

Final Outcome

  • Civil Appeal(s) No(s). [42356/2026] and No. 9981/2026 are dismissed.
  • All pending applications related to these appeals are also dismissed.
  • The order was signed by Hon’ble Justices K.V. Viswanathan and Arun Palli.

Topics: Court Order, Banking Litigation