M/s. Lamba Exports Pvt. Ltd. (applicant/petitioner) filed a Miscellaneous Application (MA) in the Supreme Court, seeking to recall an order dated 25.02.2025 which had dismissed their Special Leave Petition (SLP). The SLP challenged a High Court order that had upheld the setting aside of an interim injunction in a civil suit for specific performance of an Agreement to Sell. The MA was based on "subsequent developments" related to insolvency proceedings against M/s. Dhir Global Industries Pvt. Ltd. (Respondent No. 1), including a One Time Settlement (OTS) and withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC. The applicant alleged non-disclosure of these events and fraud.
Miscellaneous Application No. 1256 of 2025 (MA) was filed in Special Leave Petition (Civil) No. 12264 of 2024 (SLP) seeking recall of an order dated 25.02.2025 passed by the Supreme Court.
The SLP was filed against a judgment and order dated 06.05.2024 passed by the High Court of Punjab and Haryana in Civil Revision No. 3916 of 2022, which had dismissed the applicant's revision petition.
The MA's basis for recall includes alleged non-disclosure of a One Time Settlement (OTS) proposal, eventual settlement between the secured creditor and the corporate debtor, and withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016 (IBC).
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An Agreement to Sell was executed between the…
Respondent Nos. 1 to 3 sought to resile from…
M/s. Lamba Exports Pvt. Ltd. (applicant/petitioner) filed a Miscellaneous Application (MA) in the Supreme Court, seeking to recall an order dated 25.02.2025 which had dismissed their Special Leave Petition (SLP). The SLP challenged a High Court order that had upheld the setting aside of an interim injunction in a civil suit for specific performance of an Agreement to Sell. The MA was based on "subsequent developments" related to insolvency proceedings against M/s. Dhir Global Industries Pvt. Ltd. (Respondent No. 1), including a One Time Settlement (OTS) and withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC. The applicant alleged non-disclosure of these events and fraud.
Miscellaneous Application No. 1256 of 2025 (MA) was filed in Special Leave Petition (Civil) No. 12264 of 2024 (SLP) seeking recall of an order dated 25.02.2025 passed by the Supreme Court.
The SLP was filed against a judgment and order dated 06.05.2024 passed by the High Court of Punjab and Haryana in Civil Revision No. 3916 of 2022, which had dismissed the applicant's revision petition.
The MA's basis for recall includes alleged non-disclosure of a One Time Settlement (OTS) proposal, eventual settlement between the secured creditor and the corporate debtor, and withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016 (IBC).
…An Agreement to Sell was executed between the…
Respondent Nos. 1 to 3 sought to resile from…