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2025 Supreme(SC) 144

PAMIDIGHANTAM SRI NARASIMHA, MANOJ MISRA
Sanjay Agarwal – Appellant
Versus
Umesh Gupta – Respondent


Advocates Appeared:
For the Appellants : Mr. Dhruv Mehta, Sr. Adv., Mr. Samman Vardhan Gautam, Adv., Ms. Nishi Sangtani, Adv., Mr. Birendra Kumar Mishra, AOR, Ms. Poonam Atey, Adv., Mr. Sirajuddin, Adv., Mr. Praphull Kumar, Adv., Ms. Khushi Sharma, Adv., Mr. Arnav Mehta, Adv.
For the Respondents: Mr. M.Karpaga Vinayagam, Sr. Adv., Ms. Komal Sharma, Adv., Mr. Amit, AOR, Mr. Abhishek Singh, Adv., Mr. Shadan Farasat, Sr. Adv., Mr. Pushkar Karni Sinha, Adv., Mr. Aman Nakhwi, Adv.

ORDER :

1. Application seeking permission to file Special Leave Petition is granted.

2. Leave granted.

3. The present appeal is against the judgment and order passed by the High Court of Delhi in OMP (ENF.) (COMM) No. 127 of 2022 dated 12.09.2024.

4. The short facts are that one M/s. Medipol Pharmaceutical India Pvt. Ltd. (hereinafter “Medipol”) was incorporated in the year 1992, in which the appellant is one of the shareholder. Respondent no. 1 and respondent no. 2, who are brothers, are holders of majority of the equity share capital. Respondent no. 1 also controls another proprietorship by the name JP Industries.

5. In 2021, disputes arose between respondent no.1 and respondent no. 2 in relation to ownership and functioning of various entities owned by them. On the intervention of family members and friends, a deed of separation (alleged consent award) dated 01.08.2021 was passed between them, vide which control of Medipol was to go to respondent no. 1 and JP Industries, with all its assets and liabilities would go to respondent no. 2. Before finalization of terms of settlement, respondent no. 1 chose to obtain ownership of JP Industries and respondent no. 2 was to take over Medipol.

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