A Special Leave Petition (SLP) was filed before the Supreme Court challenging a High Court of Karnataka order dated 15-12-2025. The High Court had stayed an NCLT order dated 10.12.2025, which admitted a corporate debtor (Cauvery Neeravari Nigama Limited) to corporate insolvency proceedings. The High Court reasoned that the NCLT could not have admitted the petition as the company was a government company involved in sovereign functions.
A Writ Petition (WP No. 37920/2025) was filed in the High Court of Karnataka at Bengaluru.
The High Court passed an order on 15-12-2025, which is the impugned order in this Special Leave Petition.
The High Court had stayed an NCLT order dated 10.12.2025 (CP (IB) No.39/BB/of2022) and further proceedings pursuant to a paper publication dated 13.12.2025.
The High Court reasoned that the NCLT could not have admitted corporate insolvency proceedings against Cauvery Neeravari Nigama Limited because it is a government company involved in sovereign functions.
The petition before the NCLT was filed by the suspended Managing Director of Cauvery Neeravari Nigama Limited.
The Supreme Court heard the Special Leave Petition on 15-01-2026.
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NCLT, Bangalore passed an order in CP (IB)…
Paper publication…
A Special Leave Petition (SLP) was filed before the Supreme Court challenging a High Court of Karnataka order dated 15-12-2025. The High Court had stayed an NCLT order dated 10.12.2025, which admitted a corporate debtor (Cauvery Neeravari Nigama Limited) to corporate insolvency proceedings. The High Court reasoned that the NCLT could not have admitted the petition as the company was a government company involved in sovereign functions.
A Writ Petition (WP No. 37920/2025) was filed in the High Court of Karnataka at Bengaluru.
The High Court passed an order on 15-12-2025, which is the impugned order in this Special Leave Petition.
The High Court had stayed an NCLT order dated 10.12.2025 (CP (IB) No.39/BB/of2022) and further proceedings pursuant to a paper publication dated 13.12.2025.
The High Court reasoned that the NCLT could not have admitted corporate insolvency proceedings against Cauvery Neeravari Nigama Limited because it is a government company involved in sovereign functions.
The petition before the NCLT was filed by the suspended Managing Director of Cauvery Neeravari Nigama Limited.
The Supreme Court heard the Special Leave Petition on 15-01-2026.
…NCLT, Bangalore passed an order in CP (IB)…
Paper publication…