KISHORE KUNDAN SIPPY vs VAISHNAV SHORILAL — C.A. No. 3469/2006
Case under Section III. Status: Disposed.
CNR: SCIN010174032006
Filing Date
12-Jul-2006
Registration No
C.A. No. 3469/2006
Diary Number
17403/2006
Order Date
14-Nov-2007
Document Type
ROP - of Main Case
Disposal Type
Disposed Off
Last updated 29-Jun-2026
Acts & Sections
Petitioner(s)
-
1.KISHORE KUNDAN SIPPY
Adv. C. K. SASI
Respondent(s)
-
1.VAISHNAV SHORILAL
Adv. E. C. AGRAWALA
Case History
Case Summary: Kishore Kundan Sippy v. Vaishnav Shorilal Puri (C.A. No. 003469/2006) Outcome: The Supreme Court approved a consent order (November 14, 2007) allowing the Sippy and Puri groups to sell assets of Samrat Shipping Company and related entities to generate funds for outstanding liabilities, including ~₹1 crore to Metropolitan Co-operative Society and ~₹4 crores to Hewlett Packard India. The court vacated the interim order and authorized asset disposals including listed equity shares, vehicles, and two barges, with proceeds to be held in fixed deposits jointly operated by both groups. Next Steps: Appeals listed for hearing on January 8, 2008; parties permitted to seek further directions as needed under the consent arrangement. This case analysis is maintained by casestatus.in based on publicly available court records.
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