Authority: Supreme Court of India

Order Date: October 13, 2026

Case Overview

  • Parties: Appellant Sanjay Baleshwar Rai vs. Respondent State Bank of India.
  • Origin: Appeal filed under Civil Appeal Diary No. 18852/2026, arising from the impugned final judgment and order dated 12‑03‑2026 in CAAT(I) No. 893/2024 passed by the National Company Law Appellate Tribunal (NCLAT).
  • Procedural History: The appellant sought condonation of a 128‑day delay in refiling the civil appeal (IA No. 267592/2026) and also filed a stay application (IA No. 270024/2026).
  • Counsel: For the petitioner – Mr. Vishnu Sharma (AOR), Mrs. Anupama Sharma, and a team of advocates; for the respondent – Mr. Siddharth Sangal (AOR) and counsel team.
  • Court: Hon’ble Mr. Justice Manoj Misra and Hon’ble Mr. Justice Vijay Bishnoi.

Order Details

1. The Court examined the appeal on merits despite the 128‑day refiling delay.

2. After reviewing submissions and the impugned NCLAT order, the Court found no error, let alone an error of law, in the NCLAT’s view.

3. Consequently, the appeal is dismissed.

4. All pending applications, including the application for condonation of delay and the stay application, are disposed of.

Final Outcome

  • The civil appeal by Sanjay Baleshwar Rai is dismissed; no relief is granted. All related applications are closed, leaving the NCLAT’s original order in force.

Topics: Legal Dispute, Banking