M/S Shri Karshni Alloys Private Limited vs Ramakrishnan Sadasivan

insc-2025-1411 Supreme Court of India 10 December 2025 • 16 min read

2 cases cited (0 SG, 2 foreign) Cited by 1 case

Practice Areas

Constitution of India Indian Contract Act, 1872 Insolvency and Bankruptcy Code, 2016

Judges (2)

Alok Aradhe Coram Sanjay Kumar Delivered

Parties (2)

Shri Karshni Alloys Private Limited Appellant Ramakrishnan Sadasivan Respondent

Case Significance

M/S Shri Karshni Alloys Private Limited vs Ramakrishnan Sadasivan is a Supreme Court of India decision dated December 10, 2025 (citation: insc-2025-1411). Civil appeal challenging NCLAT's dismissal of appeals regarding forfeiture of amounts deposited during an asset auction in IBC liquidation proceedings. The Supreme Court dismissed the appeals, holding the appellant could not approbate and reprobate after having accepted and acted upon the NCLT's extension order containing the forfeiture condition. The bench comprised Justices Alok Aradhe and Sanjay Kumar. The judgment was delivered by Justice Sanjay Kumar.

This case has been cited by 1 subsequent judgment. The judgment references 2 case citations.

Summary

Civil appeal challenging NCLAT's dismissal of appeals regarding forfeiture of amounts deposited during an asset auction in IBC liquidation proceedings. The Supreme Court dismissed the appeals, holding the appellant could not approbate and reprobate after having accepted and acted upon the NCLT's extension order containing the forfeiture condition.