Supreme Court permits implementation of SHPL Resolution Plan

Court Stay ObtainedRegulatory & Legal View source PDF

MAJESAUT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.2%1-day move

₹431.00

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-0.2—————————

Up moveDown movePending

AI summary

Supreme Court permitted Majestic Auto to implement the Resolution Plan of Sharan Hospitality Pvt Ltd under a Consent and Dispute Settlement Agreement with Assets Care and Reconstruction Enterprise (ARC). Order dated July 17, 2026 resolves pending proceedings, enabling payment of Resolution Plan Amount and Additional Interest, plus execution of Securities Purchase Agreements with NovumLake Property Fund and 360 ONE Real Assets Advantage Fund.

Likely market impact

Positive. Removes legal hurdle, lets company proceed with Resolution Plan of SHPL and receive securities from the purchasers.