ASSETS CARE AND RECONSTRUCTION ENTERPRISES LIMITED v. SUPERTECH ORB PROJECT PRIVATE LIMITED & ORS.
CS(COMM)/352/2023 · 2026-07-23
Subramonium Prasad
body2023
DailyLaw.ai
[ 2023 DAILYLAW 7362 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2023 DAILYLAW 7362 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~5 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CS(COMM) 352/2023 & I.A. 10474-10475/2023, I.A. 866-868/2024 ASSETS CARE AND RECONSTRUCTION ENTERPRISES LIMITED .....Plaintiff Through: Mr. Nikhil Mehndiratta and Ms. Nidhisha Choksi, Advocates versus SUPERTECH ORB PROJECT PRIVATE LIMITED & ORS. .....Defendants Through: Ms. Nandini Sharma, Advocate for D-1.
CORAM:
HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD O R D E R %
23.07.2026
1. It is stated that Defendant No.1 is undergoing CIRP proceedings and the Resolution Plan has been approved by NCLT, Allahabad Bench vide
Order dated 18.11.2025.
2. Applying the “Clean Slate” Principle as laid down by the Apex Court in Ghanashyam Mishra & Sons Private Limited v. Edelweiss Asset Reconstruction Company Limited, (2021) 9 SCC 657 and Electrosteel Steel Limited (Now ESL Steel Limited) v. Ispat Carrier Private Limited, (2025) 7 SCC 773, the learned Counsel for the Plaintiff prays for withdrawal of the present Suit.
3. The Suit is disposed of as withdrawn, along with pending application(s), if any.
SUBRAMONIUM PRASAD, J JULY 23, 2026 S. Zakir This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 27/07/2026 at 15:16:46