Regulation And Legal
Surewavez Mediatech Deposit Order Rs 24.2L Extended
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
30th May 2026
Case Details
- Petition for Special Leave to Appeal (C) No. 16714/2026, Surewavez Mediatech Private Limited v. Kala, Supreme Court of India.
- Hearing date: 29-05-2026; order signed 30-05-2026.
- Underlying order dated 22-05-2026 required petitioner to deposit Rs 24,20,000 within six weeks (by 03-07-2026).
Parties Involved
- Petitioner: Surewavez Mediatech Private Limited.
- Respondent: Kala.
- Petitioner's counsel: Mr. Bharadwaj S. (advocate), AOR Ms. Neha Tandon, Adv. Guru Prasanna S., Adv. Vaibhav Sabharwal, Adv. Vignesh Adithiya.
- Respondent's counsel: Ms. Aswathi M.K. (AOR), Mr. J. Arul Pragasam, Adv., Mr. Nitish Kumar Mishra, Adv.
- Bench: Hon’ble Mr. Justice K.V. Viswanathan and Hon’ble Mr. Justice Atul S. Chandurkar.
- Court Master: Anita Malhotra.
Issues / Allegations / Violations
- Petition sought exemption from filing official translation of documents.
- Petition requested extension of the Rs 24,20,000 deposit deadline imposed by the order dated 22-05-2026.
- Execution proceedings were pending before the Trial Court.
Findings & Observations
- The Court allowed exemption from filing official translation.
- Recognised the petitioner’s undertaking to deposit the specified amount and warned of serious consequences for breach.
- Granted stay of the execution proceedings pending further compliance.
Penalties / Settlements / Directions
- Deposit of Rs 24,20,000 to be made by 13-07-2026 (extended from original 03-07-2026).
- Upon deposit, the amount shall be placed in a short‑term fixed deposit.
- Any breach of the undertaking may attract serious consequences.
Corrective Actions & Future Obligations
- Petitioner must complete the deposit by the extended deadline.
- Pleadings to be completed before the next hearing.
- Matter listed for hearing on 17-08-2026.
Final Ruling & Enforcement
- Exemption from official translation granted.
- Deadline extension and stay of execution ordered.
- Compliance to be monitored; further directions may be issued at the 17-08-2026 hearing.