SHAILESH HARINARAYAN BAJAJ vs CREATIVE OUTERWEAR LTD. — SLP(C) No. 8582/2003

The Supreme Court dismissed Shailesh Harinarayan Bajaj's special leave petition challenging the High Court of Bombay's order dated 20/03/2003, finding no grounds for interference. However, the Court clarified that Bajaj's underlying suit would be decided on merits. As a settlement condition, Bajaj undertook to pay Rs. 25 lacs to Creative Outerwear Ltd. within three months and the remaining amount within three months thereafter, with an undertaking to be filed before the Bombay High Court within three weeks; if payment is made timely, insolvency proceedings would not be publicized. This case analysis is maintained by casestatus.in based on publicly available court records.