IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 13149 OF 2025 GLAS TRUST COMPANY LLC Appellant(s)

VERSUS SHAILENDRA AJMERA & ORS. Respondent(s)

WITH CIVIL APPEAL NO. 13151 OF 2025

O R D E R

1. While we are not inclined to interfere with the impugned order(s) passed by the National Company Law Appellate Tribunal [NCLAT], we make it clear that the observations made by the Tribunal are intended for the purpose of disposing of I.A.No. 1514 of 2025 and they will not have any bearing on the final disposal of the appeal(s) before the Tribunal.

2. With these observations, the present civil appeals stand dismissed.

3. Pending interlocutory application(s), if any, is/are disposed of.

……………………………………………………………………….J.

[PAMIDIGHANTAM SRI NARASIMHA]

Signature Not Verified …………………………………………………………………...J.

Jayant Kumar Arora Date: 2025.11.15

15:04:01 IST NEW DELHI;

Reason:

NOVEMBER 03, 2025 ITEM NO.66+67 COURT NO.7 SECTION XVII-B S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Civil Appeal No(s). 13149/2025 GLAS TRUST COMPANY LLC Appellant(s)

VERSUS SHAILENDRA AJMERA & ORS. Respondent(s)

IA No. 277795/2025 - APPROPRIATE ORDERS/DIRECTIONS IA No. 278122/2025 - PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/ANNEXURES IA No. 277794/2025 - STAY APPLICATION with Civil Appeal No(s). 13151/2025 IA No. 277857/2025 - APPROPRIATE ORDERS/DIRECTIONS IA No. 277854/2025 - EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT, IA No. 277850/2025 - STAY APPLICATION Date : 03-11-2025 These matters were called on for hearing today.

CORAM : HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA HON'BLE MR. JUSTICE ATUL S. CHANDURKAR For Appellant(s) : Mr. C. A. Sundaram, Sr. Adv.

Mr. Amit Sibal, Sr. Adv.

Mr. Prateek Kumar, Adv.

Mrs. Raveena Rai, Adv.

Mr. Siddhant Grover, Adv.

Ms. Moha Paranjpe, Adv.

M/s Khaitan & Co., AOR Ms. Anshula L Bakhru, Adv.

Mr. Arpith Jacob Varaprasad, Adv.

Mr. P S Patwalia, Sr. Adv.

Mr. Dhruv Mehta, Sr. Adv.

Ms. Pooja Mahajan, Adv.

Ms. Arveena Sharma, Adv.

Mr. Zubin Poorathinkal, Adv.

Ms. Ichachha Kalash, Adv.

Mr. Avinash B. Amarnath, AOR

For Respondent(s) : Mr. Gopal Subramanium, Sr. Adv.

Mr. Dhyan Chinnappa, Sr. Adv.

Mr. Ashok Panigrahi, Sr. Adv.

Mr. R. Chandrachud, AOR Mr. Pavan Bhushan, Adv.

Mr. Dhuli Venkata Krishna, Adv.

Mr. Aryan Singh, Adv.

Dr Abhishek Manu Singhvi, Sr. Adv.

Mr. Arun Kathpalia, Sr. Adv.

Mr. R. Chandrachud, AOR Mr. Yash Johri, Adv.

Mr. Dhuli Venkata Krishna, Adv.

Mr. Aryan Singh, Adv.

UPON hearing the counsel the Court made the following

O R D E R

1. The civil appeals are dismissed in terms of the signed order.

2. Pending interlocutory application(s), if any, is/are disposed of.

(JAYANT KUMAR ARORA) (NIDHI WASON)

ASTT. REGISTRAR-cum-PS ASSISTANT REGISTRAR (Signed order is placed on the file)

REVISED (*)

ITEM NO.66+67 COURT NO.7 SECTION XVII-B S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Civil Appeal No(s). 13149/2025 GLAS TRUST COMPANY LLC Appellant(s)

VERSUS SHAILENDRA AJMERA & ORS. Respondent(s)

IA No. 277795/2025 - APPROPRIATE ORDERS/DIRECTIONS IA No. 278122/2025 - PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/ANNEXURES IA No. 277794/2025 - STAY APPLICATION with Civil Appeal No(s). 13151/2025 IA No. 277857/2025 - APPROPRIATE ORDERS/DIRECTIONS IA No. 277854/2025 - EXEMPTION FROM FILING C/C OF THE IMPUGNED JUDGMENT, IA No. 277850/2025 - STAY APPLICATION Date : 03-11-2025 These matters were called on for hearing today.

CORAM : HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA HON'BLE MR. JUSTICE ATUL S. CHANDURKAR For Appellant(s) : Mr. C. A. Sundaram, Sr. Adv.

Mr. Shyam Divan, Sr. Adv.

Mr. Prateek Kumar, Adv.

Mrs. Raveena Rai, Adv.

Mr. Siddhant Grover, Adv.

Ms. Moha Paranjpe, Adv.

M/s Khaitan & Co., AOR Ms. Anshula L Bakhru, Adv.

Mr. Arpith Jacob Varaprasad, Adv.

Mr. P S Patwalia, Sr. Adv.

Mr. Dhruv Mehta, Sr. Adv.

Ms. Pooja Mahajan, Adv.

Ms. Arveena Sharma, Adv.

Mr. Zubin Poorathinkal, Adv.

Ms. Ichachha Kalash, Adv.

Mr. Avinash B. Amarnath, AOR

For Respondent(s) : Mr. Gopal Subramanium, Sr. Adv.

Mr. Dhyan Chinnappa, Sr. Adv. Mr. Ashok Pa