MANJAY PRAKASH SHAH vs UNION OF INDIA — C.A. No. 2538 - 2540/2020
Case under Company Law, Sick Industries Including Disinvestment : Company Law, Sick Industries Including Disinvestment Section XVII-B. Status: PENDING.
CNR: SCIN010119122020
Filing Date
30-05-2020 12:00 AM
Registration No
C.A. No. 2538 - 2540/2020
Diary Number
11912/2020
Order Date
13-04-2026
Document Type
ROP - of Main Case
Acts & Sections
Petitioner(s)
MANJAY PRAKASH SHAH
Adv. MISHA ROHATGI
Respondent(s)
UNION OF INDIA
Adv. ABHINAV AGRAWAL[R-16] ABHINAV AGRAWAL[R-17] ABHINAV AGRAWAL[R-5] ABHINAV AGRAWAL[R-6] ABHINAV AGRAWAL[R-7] ABHINAV AGRAWAL[R-8] ABHINAV AGRAWAL[R-13] SHAGUFA SALIM[R-29] ABHINAV AGRAWAL[R-28] E. C. AGRAWALA[R-3] ANSHUMAN SRIVASTAVA[R-4] MADHULIKA UPADHYAY ABHINAV AGRAWAL[R-15] ABHINAV AGRAWAL[R-14] RADHIKA GAUTAM[R-18] RADHIKA GAUTAM[R-19] RADHIKA GAUTAM[R-20] RADHIKA GAUTAM[R-22] RADHIKA GAUTAM[R-23] RADHIKA GAUTAM[R-24] RADHIKA GAUTAM[R-26] RADHIKA GAUTAM[R-27] RADHIKA GAUTAM[R-9] ABHINAV AGRAWAL[R-10] ABHINAV AGRAWAL[R-11] ABHINAV AGRAWAL[R-12] MADHULIKA UPADHYAY[R-1]
Hearing History
Judge: HON'BLE MRS. JUSTICE B.V. NAGARATHNA and HON'BLE MR. JUSTICE UJJAL BHUYAN
Fixed Date by Court
Fixed Date by Court
Fixed Date by Court
Fixed Date by Court
Fixed Date by Court
| Date | Purpose |
|---|---|
| 13-04-2026 | Fixed Date by Court |
| 10-04-2026 | Fixed Date by Court |
| 06-04-2026 | Fixed Date by Court |
| 23-03-2026 | Fixed Date by Court |
| 11-03-2026 | Fixed Date by Court |
Orders in this case
Case Summary: CA No. 2538-2540/2020 On 13-04-2026, the Supreme Court heard connected civil appeals by Manjay Prakash Shah against the Union of India regarding a settlement scheme. The Court kept the impugned orders in abeyance to allow implementation of an investor compensation scheme worth Rs. 1950 crores, already approved by NCLT, NCLAT, and the Supreme Court itself. The Court directed that once accounts are de-frozen by the designated court, Rs. 1950 crores must be deposited within two weeks into an Escrow Account with Axis Bank (maintained by Universal Trustee under Justice S.C. Gupte's monitoring), with distribution to entitled investors within 90 days of the "Effective Date." Parties may mention any implementation difficulties. This case analysis is maintained by casestatus.in based on publicly available court records.
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