Zetta Resources Appeal Stay Vacated Over Rs 50 Cr Default

Authority: Supreme Court of India

Order Date: 15-09-2026

Case Overview

• Parties: ZETTA RESOURCES PRIVATE LIMITED & ORS. (Appellants) vs. M/S.VITERRA B.V (Respondent).
• Original stay: Court order dated 05.05.2025 stayed execution proceedings.
• Modification: Order dated 21.04.2026 admitted the appeal, modified the 05.05.2025 order and directed appellants to deposit Rs 50 crore with the Court by 30.06.2026.
• Non‑compliance: Senior counsel for the appellants confirmed that the Rs 50 crore deposit was not made.
• Consequence: The interim stay order dated 05.05.2026, as modified by the 21.04.2026 order, is vacated with respect to the grant of stay.
• Further proceedings: The civil appeal is scheduled for hearing on 27.10.2026.

Final Outcome

• The Court vacated the stay of execution, allowing the execution proceedings to resume.
• No further stay relief is available to the appellants pending the next hearing on 27‑Oct‑2026.

Topics: Stay Order, Civil Appeal, Execution Proceedings