Pay Now, Not After Appeals – SC Enforces Immediate Indemnity

VPS Healthcare Private Limited And Another Vs Prabhat Kumar Srivastava And Another (Supreme Court of India) In this landmark ruling, the Supreme Court held that liability under a consent award with indemnity clause can arise immediately once liability crystallises, and need not wait for final confirmation by the Highest Court of Appeal. The Court observed that: The consent award imposed an obligation on promoters to “ensure no liability is recovered” from the company, The High Court wrongly treated indemnity as payable only after final appellate confirmation, ignoring other clauses, The c...