# Omkara Assets Reconstructi on Private Limited vs. Amit Chaturvedi & Ors.

> SC judgment dated 2025-09-15. Citation: TCN-2025-SC-00119. A Civil Appeal (CA No. 11417/2025) was filed by Omkara Assets Reconstructi on Private Limited…

- **Court:** SC
- **Order date:** 15 Sept 2025
- **Citation:** TCN-2025-SC-00119
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/omkara-assets-reconstructi-on-private-limited-vs-amit-chaturvedi-ors-lyesa

## Summary

### Background

A Civil Appeal (CA No. 11417/2025) was filed by Omkara Assets Reconstructi on Private Limited against Amit Chaturvedi & Ors. challenging an impugned order dated 18.08.2025. The matter was called for hearing before the Supreme Court on 15.09.2025.

## Facts

The matter was called for hearing on 15-09-2025.

Ms. Purti Gupta and Ms. Roopali Lakhotia, learned counsel, waived service and accepted notice on behalf of respondent Nos. 1 and 3 respectively.

Notice to other respondents shall be served by all modes, including dasti.

Counter affidavit/reply shall be filed within two weeks.

Rejoinder thereto, if any, may be filed within one week thereafter.

The matter is re-listed on 27.10.2025.

The operation of the impugned order dated 18.08.2025 shall remain stayed.

The moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, shall revive.

The Resolution Professional shall resume charge of the assets and operation of the Corporate Debtor.

…

## Issues and analysis

### Issue 1: Whether the operation of the impugned …

**Ratio:** The operation of the impugned order

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**Reasoning:** The Court implicitly found it necessary to stay the impugned order to prevent further

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**Interpretation:** The legal effect and enforceability of the order dated 18.08.2025 are

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**Application:** The impugned order dated 18.08.2025 is not to be acted upon or enforced by any

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## Parties

- **Judges:** Sanjay…; ALOK AR…
- **Appellants:** Omkara Assets…
- **Respondents:** Amit Chaturvedi…
- **Other parties:** former Board of…; OMKARA ASSETS…; +1 more
- **Advocates:** Neeraj Kish…; Abhijeet…; +24 more

## Timeline

- **2025-08-18 — Impugned Ord…**: Date of the order against which…
- **2025-09-15 — Hearing and Or…**: The date when the matter was called for hearing and the interim order was made by the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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