Sterling Holiday Resorts Limited vs M/S P.M.Associates

Sterling Holiday Resorts Limited vs M/S P.M.Associates on 30 September, 2026 Author: Pamidighantam Sri Narasimha Bench: Pamidighantam Sri Narasimha 2026 INSC 1071 NON-REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE/INHERENT JURISDICTION CIVIL APPEAL NOS. 10077-10078 OF 2014 STERLING HOLIDAY RESORTS LIMITED …APPELLANT VERSUS M/S P.M. ASSOCIATES & ORS. …RESPONDENTS WITH CIVIL APPEAL NOS. 10246-10247 OF 2014 CONTEMPT PETITION (C) NOS. 834-835 OF 2015 IN CIVIL APPEAL NOS. 10077-10078 OF 2014 AND SPECIAL LEAVE PETITION (C) NO. 508 OF 2016 JUDGMENT ALOK ARADHE, J. 1. This batch of matters concerns the fate of a hill resort which has been the subject of litigation for well over a decade. The central issue in this batch of appeals is whether the process culminating in issuance of sale certificate, was conducted in conformity with the statutory framework governing such sale. Signature Not Verified 2. The Civil Appeal Nos. 10077-10078 of 2014, preferred by Sterling Digitally signed by KAPIL TANDON Date: 2026.09.30 17:40:49 IST Reason: Holiday Resorts Limited (“the Borrower”), and Civil Appeal Nos. 1  10246-10247 of 2014, preferred by M/s P.M. Associates (“the Purchaser”), arise out of the common judgment dated 23.08.2013 passed by the High Court1. The Special Leave Petition (Civil) No. 508 of 2016 has been filed by the Purchaser against the order dated 13.04.2015 of the High Court in a Company Petition, which sanctioned a modified composite scheme of arrangement and amalgamation betwe…