Authority: Supreme Court of India
Order Date: 17-07-2026
Case Overview
- Petition: Special Leave Petition (Civil) Diary No.36520/2019 filed by M/s Tata Steel Ltd against Varsha & Anr, arising from impugned judgments dated 28‑03‑2019 (WP No.8620/2018) and 09‑07‑2019 (MCA No.649/2019) of the Bombay High Court, Nagpur.
- Respondents: Varsha & Anr.
- Counsel for petitioner: Mr. Shashank Gautam, Mr. Arvind Thapliyal, Mr. Siddharth Pandey, Mr. Daksh Jain, Mr. Kunal Chatterji (Advocates on Record).
- Counsel for respondents: Mr. Ajay Maheshwari, Mr. Garvesh Kabra, Mrs. Pooja Kabra, Mrs. Nikita Kabra Jaju, Mr. Ankur Agnihotri, Mr. Shashank Pachauri, Ms. Pallavi Kumari, Mr. Neeraj Kishan Kaul, Ms. Manjeet Chawla, Ms. Jyoti, Mr. Yashvardhan, Mr. Devesh Mohan, Mr. Gyanendra Shukla (Advocates on Record), among others.
- Bench: Hon’ble Mr. Justice Manmohan (presiding) with Hon’ble Mr. Justice Manoj Misra.
Order Details
- The Court condoned the delay in filing the applications.
- Leave was granted to the petitioner.
- The civil appeals were allowed as per the signed reportable judgment.
Operative Part of Judgment
> "Keeping in view the law as it stands today and the aforesaid conclusions, the present Civil Appeals are allowed and the impugned Judgment and Orders passed by the Bombay High Court and Order dated 25th October 2018 passed in Regular Civil Suit No. 153/2011 are set aside. Further, the Suit for recovery filed by Respondent No.1-Varsha (Civil Suit No. 153/2011) pending before 13th Joint Civil Judge, Senior Division, Nagpur as well as arbitration proceedings initiated by Intervenor‑Masyc are dismissed. Pending applications, if any, stand disposed."
Final Outcome
- The Bombay High Court’s judgment and the 25 Oct 2018 order in Civil Suit No.153/2011 are set aside.
- The recovery suit filed by Varsha (Civil Suit No.153/2011) is dismissed.
- Arbitration proceedings initiated by Intervenor‑Masyc are dismissed.
- All pending applications, if any, are disposed.
Topics: Judicial Decision, Corporate Litigation