Supreme Court Continues Symbolic Possession Of Tower-5 By RP In Morpheus Bluebell CIRP

The Supreme Court of India has directed that the interim arrangement permitting only symbolic possession of Tower-5 by the Resolution Professional of the Morpheus Bluebell project developed by Morpheus Prodevelopers Pvt Ltd shall continue. The company is undergoing the Corporate Insolvency Resolution Process (CIRP) in the Morpheus Bluebell project. The Court was hearing an appeal filed by SGN Universal Construction Company Private Limited against the National Company Law Appellate Tribunal's...

Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO Case

The Supreme Court recently (April 27) issued notice on a petition filed by Meenakshi Modi, an accused in an SFIO case linked to the Adarsh Build Estate housing fraud, to examine the validity of a Rs 5 lakh cost imposed by the Punjab and Haryana High Court while setting aside non-bailable warrants against her. The court stayed the condition till next hearing in August. A bench of Justices Sanjay Kumar and K. Vinod Chandran limited the notice to this aspect and directed Modi to appear...

Supreme Court Pulls Up Xalta RP, CoC for Non-Compliance With ₹50.55 Lakh Monthly Rent Order; Orders Handover

The Supreme Court of India on Tuesday warned the Superintendent of Police, Hapur, of personal liability if possession of premises belonging to Prerna Singh is not handed over within a week, directing the Resolution Professional and Committee of Creditors of Xalta Food and Beverages Pvt. Ltd. to ensure compliance. The Court once again rebuked the RP and CoC for failing to comply with its April 16, 2026 order, noting that against the committed monthly rent of Rs 50.55 lakh, only Rs 33.83 lakh was...

Supreme Court Reserves Verdict On Kotak AMC Plea Against SAT Ruling On Essel Group-Linked Mutual Fund Investments

The Supreme Court on Thursday reserved its verdict on appeals challenging a Securities Appellate Tribunal ruling that upheld findings of regulatory violations against Kotak Mahindra Asset Management Company in Essel Group-linked mutual fund investments while setting aside disgorgement ordered by SEBI.A bench of Justices Dipankar Datta and Satish Chandra Sharma reserved the judgment after hearing the parties.SAT in its order held that Kotak AMC failed to adequately assess the financial strength...

RP's Admission Of Claim In CIRP Not Acknowledgment Of Debt, Cannot Extend Limitation: Supreme Court

The Supreme Court on Wednesday held that admission of a claim by a Resolution Professional during insolvency proceedings is merely an administrative act and does not amount to an acknowledgment of liability under Section 18 of the Limitation Act, 1963. The court said such admission is only a recital or entry of debt and cannot extend the limitation period for initiating proceedings. “RP performs its administrative duties under Section 18 of the Code. The admission of a claim by RP is merely an...

IBC Time-Bound Resolution “Impossible To Achieve” Amid NCLT Delays; Supreme Court Takes Suo Motu Cognisance

The Supreme Court of India on Wednesday took suo motu cognisance of delays in approval of resolution plans pending before various benches of the National Company Law Tribunal (NCLT), stating that the objective of time-bound resolution under the Insolvency and Bankruptcy Code, 2016 is “impossible to achieve” in the present situation. A bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan was hearing the matter pursuant to its order dated April 16, 2026. By that order, the Court had...

No Immediate Challenge To Arbitrator's Rejection Of Jurisdiction Plea; Must Wait For Final Award: Supreme Court

The Supreme Court has recently held that when a claim is challenged as time-barred to question an arbitrator's jurisdiction, and the arbitrator rejects that objection, the party cannot challenge it midway and must wait until the final award. A Division Bench of Justices Sanjay Kumar and K. Vinod Chandran observed that "In that situation, there is no option for the party aggrieved by the decision of the arbitrator upon the application filed under Section 16 except to wait till the conclusion of...

OYO Moves Supreme Court Against Gujarat HC Ruling On Arbitral Award Execution In Dispute with Meridian Hotels

OYO Hotels and Homes Pvt Ltd has approached the Supreme Court challenging a Gujarat High Court ruling that declined to interfere with execution proceedings enforcing an arbitral award in favour of Meridian Hotels Pvt Ltd in a dispute arising out of a hotel management agreement. The matter is likely to be heard on May 11 by a bench of Justices P.S. Narasimha and Alok Aradhe. The ruling under challenge was delivered on February 19, 2026. The dispute stems from a 2018 Management Services...

SBI Back In Reliance Infratel CoC As Supreme Court Sets Aside NCLAT Order Excluding Consortium Lenders

The Supreme Court of India has allowed the appeal filed by the State Bank of India against an October 14, 2022 order of the National Company Law Appellate Tribunal, which had upheld the exclusion of SBI and other lenders from the Committee of Creditors (CoC) in the insolvency of Reliance Infratel Limited.A bench of Justices P.S. Narasimha and Alok Aradhe set aside the NCLAT ruling and restored the status of lenders claiming under corporate guarantees as financial creditors and directed their...

Supreme Court Issues Notice On Plea Against Delhi HC Ruling That Patent Revocation Plea Survives Expiry

The Supreme Court on Monday issued notice on a plea challenging a Delhi High Court ruling that a patent revocation petition remains maintainable and survives even after expiry of the patent and is not barred merely because an invalidity defence is raised in a parallel infringement suit. A Bench of Justices P.S. Narasimha and Alok Aradhe issued notice on the special leave petition filed by by Boehringer Ingelheim Pharma GmbH and listed the matter for final disposal on May 25, 2026 The case...

Supreme Court Stays Arbitration In ₹36.53 Crore AP E-Challan Dispute Involving Digi Yatra Developer

The Supreme Court recently stayed further arbitration proceedings in a Rs. 36.53 crore dispute between the Andhra Pradesh government and Dataevolve Solutions Pvt. Ltd., the developer of the Digi Yatra app, over settlement of accounts under an e-challan software contract. A Bench led by Chief Justice Surya Kant and comprising Justice Joymalya Bagchi and Justice Vipul M. Pancholi issued notice on the State's special leave petition challenging the Andhra Pradesh High Court's order appointing a...

Supreme Court Stays NCLAT Ruling That Set Aside CCI's Clean Chit To Chettinad Coal Terminal

The Supreme Court on Monday stayed the operation of a ruling of the National Company Law Appellate Tribunal that had set aside the Competition Commission of India order clearing Chettinad International Coal Terminal Pvt. Ltd. (CICTPL) of abuse of dominance in the market for provision of common user coal terminal services at Kamarajar Port, while issuing notice in the matter.The top court was hearing a plea filed by CICTPL against the NCLAT's January 21, 2026 judgment, which had overturned the...