REPORTABLE

2026 INSC 33 IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 92 OF 2026 (Arising out of S.L.P (Civil) No. 3906 of 2017)

THE PROPERTY COMPANY (P) LTD. …APPELLANT(S)

VERSUS ROHINTEN DADDY MAZDA …RESPONDENT(S)

J U D G M E N T

CHANDRESH Date: 2026.01.07 Reason:

J.B. PARDIWALA, J.:

For the convenience of exposition, this judgment is divided into the following parts:-

INDEX A. FACTUAL MATRIX ................................................................................ 3 B. DECISION OF THE CLB ........................................................................ 7 C. THE IMPUGNED DECISION ............................................................... 9 D. SUBMISSIONS OF THE PARTIES .................................................... 16 I. Submissions on behalf of the appellant company .................... 16 II. Submissions on behalf of the respondent ................................... 18 E. ISSUES FOR DETERMINATION ...................................................... 21 F. ANALYSIS ............................................................................................... 22 I. The implementation of the provisions of the Act, 2013 in phases