Authority: Supreme Court of India

Order Date: 31 July 2026

Case Overview

  • Appellant: Vyshali Energy Pvt. Ltd.
  • Respondents: Pranav Kanoria and an additional respondent.
  • Civil Appeal No. 11855/2025 challenging an order of the National Company Law Appellate Tribunal (NCLAT).
  • Counsel for the appellant: Sr. Adv. Nakul Dewan, Adv. Divyakant Lahoti, AOR Ms. Vindhya Mehra, Adv. Anand Soni.
  • Counsel for the respondents: Sr. Adv. Balbir Singh, Adv. Ankit Rajgarhia, Adv. Aakash Nandolia, AOR Mr. Sachin Dubey, Adv. Vinita Sejwal, among others.
  • Two stay applications were pending: IA No. 228370/2025 and IA No. 225908/2025.

Court Findings & Directions

1. The Court noted that the parties are already before an Arbitral Tribunal.

2. Former Justice A.S. Bopanna was appointed as the Presiding Arbitrator for the arbitration.

3. The impugned NCLAT order was examined and held to contain no error of law; therefore it stands.

4. Arbitration proceedings shall continue expeditiously on their merits.

5. Both sides may raise all legal contentions before the Arbitral Tribunal.

6. The appeal is disposed of in accordance with the signed order placed on the file.

7. Any pending applications, including the two stay applications, are also disposed of.

Final Outcome

  • Civil Appeal No. 11855/2025 is dismissed; the NCLAT order remains effective.
  • Arbitration under the appointed Presiding Arbitrator proceeds without further court intervention.
  • All pending stay applications are terminated.

Topics: Arbitration, Court Order