Moniveda Consultants LLP vs Shajas Developers Private Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(SC) 247

DIPANKAR DATTA, AUGUSTINE GEORGE MASIH
Moniveda Consultants LLP – Appellant
Versus
Shajas Developers Private Limited – Respondent

Advocates appeared:
For the Appellant(s) : Mr. Jaideep Gupta, Sr. Adv. Mr. Siddharth Bhatnagar, Sr. Adv. Mr. Kumar Anurag Singh, Adv. Ms. Tulika Mukherjee, AOR Mr. Kunal Chatterjee, Adv. Mr. Zain A. Khan, Adv. Mr. Dev Aaryan, Adv. Mr. Sanat Garg, Adv. Mr. Md. Abran Khan, Adv. Mr. Sameer Dawar, Adv. Mr. Vishwam Mishra, Adv.
For the Respondent(s): Mr. Samir Malik, Adv. Mr. Ryan D’souza, Adv. Mr. Yash Momaya, Adv. Mr. Jash Shah, Adv. Mr. Varun Kalra, Adv. Mr. Pranav Khanna, Adv. Mr. Chandra Prakash, Adv. M/S. D.S.K. Legal, AOR Mr. Gopal Sankaranarayanan, Sr. Adv. Mr. Kunal Mimani, AOR Mr. Shubhang Tandon, Adv. Mr. Madhav Gupta, Adv. M/S. Expletus Legal, AOR Mr. Abhishek Baid, Adv. Mr. Mohit Kumar Bafna, Adv. Mr. Praneet Das, Adv. Mr. Ravinder Kumar, Adv. Mr. Anup Jain, Adv. Mr. Ashok Kumar Jain, Adv. Ms. Nishtha Goel, Adv. Mr. Shashwat Dubey, Adv. Mr. Vikrant Pachnanda, AOR Mr. Amrish Kumar, AOR Ms. Aishwarya Bhati, A.S.G. Mr. P.V.Yogeswaran, Adv. Mr. Sanjay Kr.Tyagi, Adv. Mr. Rajan Kr.Chourasia, Adv. Mr. Ishaan Sharma, Adv. Ms. Shreya Jain, Adv. Mr. Abhishek Singh, Adv. Dr. Arun Kumar Yadav, Adv. Mr. Raj Bahadur Yadav AOR Mr. Sudarshan Lamba, AOR Mr. Amar Dave, Sr. Adv. Mr. P. S. Sudheer, AOR Mr. Rishi Maheshwari, Adv. Ms. Anne Mathew, Adv. Mr. Bharat Sood, Adv. Mr. Jashan Vir Singh, Adv. Mr. Ranjit Kumar, Sr. Adv. Mr. Dhruv Mehta, Sr. Adv. Ms. Bindi Dave, Adv. Mr. Aman Raj Gandhi, AOR Mr. Vardaan Bajaj, Adv. Ms. Dhruvi Mehta, Adv. Mr. Ojasvi Sharma, Adv. Mr. Kartikey, Adv. Mr. Dhairyah, Adv. Mr. Amol Nirmalkumar Suryawanshi, AOR

Judgement Key Points

Based on the provided legal document, here are the key points:

Case Citation and Parties: The case is Moniveda Consultants LLP and another vs. Shajas Developers Private Limited And Others, decided by the Supreme Court of India on 11-03-2026 (Civil Appeal Nos. 9052–9053 of 2022 with associated Contempt Petitions) (!) .
Background and Dispute: The dispute involves a shareholder (Appellant No.1, holding 40%) alleging oppression and mismanagement, asset stripping, and illegal changes in management regarding a redevelopment project valued at approximately Rs. 1000 crores (!) (!) .
Procedural History: The NCLAT initially set aside an NCLT order declining interim relief but only granted a temporary restraint against "perceptive steps" for one month before directing the matter back to the NCLT (!) . The Supreme Court later granted interim relief preventing "perceptive steps" while allowing the NCLT proceedings to continue (!) .
Key Issues: The core issues revolve around the preservation of the subject matter (project land and development rights) and the jurisdiction of appellate courts regarding interim orders during ongoing litigation under the Companies Act (!) (!) .
Court's Observations on Interim Proceedings: The Court emphasized that since the main Company Petition under Sections 241, 242, 244, and 59 of the Companies Act, 2013 remains pending before the NCLT, the paramount consideration is to prevent irreversible changes to the property (!) (!) .
Specific Directions: The Court directed that the status quo must be maintained, no steps altering the nature of the property or creating third-party interests shall be taken, and the earlier interim arrangement must continue until the NCLT finally adjudicates the controversy (!) (!) .
Expeditious Adjudication: The NCLT, Mumbai Bench was directed to proceed with the pending matters expeditiously, with a specific instruction to decide the Company Petition No.159(MB) of 2021 within two months of the parties' appearance (!) .
Disposal: The Appeals and Contempt Petitions were disposed of by modifying the NCLAT's impugned order to ensure continued interim protection (!) .

Table of Content
1. overview of the dispute and background facts (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8)
2. contentions and claims by appellants (Para 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16)
3. court's observations on interim proceedings (Para 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27)
4. continuation of interim arrangement (Para 28 , 29)
5. final directions and conclusion (Para 30 , 31 , 32 , 33 , 34)

ORDER :

AUGUSTINE GEORGE MASIH, J.

1. The present Appeals are directed against the order dated 11.10.2022 (“Impugned Order”) passed by the National Company Law Appellate Tribunal, New Delhi (“NCLAT”), in Company Appeal (AT) No.104 of 2021 along with Contempt Case (AT) No.02 of 2022, whereby the NCLAT set aside the order dated 29.07.2021 passed by the National Company Law Tribunal, Mumbai Bench (“NCLT”) declining interim relief in CA Nos.147 and 199 of 2021 in CP No.159(MB) of 2021, but confined interim protection to a direction restraining the parties from taking any “perceptive steps” for a period not exceeding one month, and further directed that the contempt proceedings be heard by the NCLT.

2. The Appellant No.1, Moniveda Consultants LLP (formerly Gauri Rajeshwari Consultants Pvt. Ltd.

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2026 Supreme(SC) 247

DIPANKAR DATTA, AUGUSTINE GEORGE MASIHMoniveda Consultants LLP – AppellantVersusShajas Developers Private Limited – Respondent

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DIPANKAR DATTA, AUGUSTINE GEORGE MASIH
Moniveda Consultants LLP – Appellant
Versus
Shajas Developers Private Limited – Respondent