Vivid Solutions Granted Stay, Property Encumbrance Bar

Authority: Supreme Court of India

Order Date: 04 August 2026

Case Overview

• Parties: Appellant – Vivid Solutions Pvt Ltd & others; Respondent – Mukesh Jain & others.
• Civil Appeal No. 9837/2026, IA No. 221718/2026, stay application heard on 03‑08‑2026 before a bench of Justice Aravind Kumar and Justice Vipul M. Pancholi.
• The Court observed that, given the impugned order and facts, there is a substantial possibility of the parties reaching an amicable settlement.
• Accordingly, the Court directed procedural steps to facilitate settlement.

Order Details

1. Notice to be issued, returnable within six weeks; the appellant may serve the notice by any mode.

2. Respondents are restrained from encumbering any property of Vivid Solutions Pvt Ltd in any manner until the next hearing date.

Final Outcome

• The stay application was partially granted, with the Court imposing a prohibition on the respondents from encumbering the appellant’s property and directing issuance of a settlement notice within six weeks.

Topics: Civil Litigation, Property Encumbrance