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2025 Supreme(Online)(SC) 9926

SUPREME COURT OF INDIA
J.B. PARDIWALA, K.V. VISWANATHAN, JJ
IFCI LIMITED – Appellant
Versus
ACCIL HOSPITALITY PRIVATE LIMITED – Respondent


Advocates:
For the Appellants/Petitioners: Mr. N Venkataraman, A.S.G., Ms. Sonia Madan, Adv., Ms. Gunjan Sinha Jain, AOR
For the Respondent(s):

Table of Content
1. details regarding the petitioner's concerns about the auction notice and related legal relief. (Para 1 , 2 , 3)
2. request for the high court to expedite hearings in light of financial urgency. (Para 4)
3. final decision to dispose of the special leave petitions. (Para 6 , 7)

O R D E R

1. Heard Mr. N Venkataraman, the learned ASG appearing for the petitioner-IFCI LIMITED.

2. It appears that the respondents herein have preferred Civil Writ Petition No.24980/2021 and Civil Writ Petition No.1223/2023 respectively in the High Court of Punjab and Haryana. In Civil Writ Petition No.24980/2021, the following reliefs have been prayed for:-

Signature Not Verified “a) Issue a writ in the nature of certiorari for Digitally signed by RADHA SHARMA quashing the impugned Auction Notice dated November Date: 2025.10.18

10:29:29 IST Reason:

17, 2021 (Annexure P1) issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and all other coercive/recovery measures taken by Respondent No.2 in light of assignment of debt and consequent extinguishment thereof in the hands of Respondent No.2 subsequent to the approval of resolution pla

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