Case Details

  • Case name: Bank of Baroda & Anr. vs M/s Usha Spinners (Special Leave Petitions (C) No.17475/2026 and SLP(C) No.17511/2026)
  • Court/Authority: Supreme Court of India
  • Petition No.: 17475/2026 (SLP) and 17511/2026 (Admission)
  • Date of order: 22 May 2026
  • Related High Court order date: 08 April 2026 (impugned final judgment)
  • Period of dispute: Not specified; interim orders currently in effect.

Parties Involved

  • Petitioners: Bank of Baroda and others (ANR)
  • Respondents: M/s Usha Spinners
  • Counsel for Petitioners: Ms. Praveena Gautam (Advocate on Record), Ms. Tissy Annie Thomas, Adv. Mr. Pawan Shukla, Adv. Mr. Rohan Bansla
  • Counsel for Respondents: Not listed
  • Judges: Hon’ble Mr. Justice Dipankar Datta, Hon’ble Mr. Justice Satish Chandra Sharma
  • Signatory of order: Jatinder Kaur (date 23 May 2026 13:33:43 IST, signature not verified)

Issues / Allegations / Violations

  • Petitioners seek relief from interim orders that restrain them from taking coercive steps against respondents.
  • Respondents allege they were not heard before their account was classified as “fraud” by the High Court.

Findings & Observations

  • The Court notes that the High Court has fixed 16 July 2026 for parties to advance arguments.
  • The Court directs the High Court to endeavour to decide the writ petition finally on or soon after that date, ensuring hearing for all parties.
  • All contentions on merits are left open pending final determination.

Penalties / Settlements / Directions

  • No monetary penalties or settlements were imposed in this procedural order.

Corrective Actions & Future Obligations

  • The High Court is directed to schedule a final hearing on 16 July 2026 or as soon thereafter as permissible.
  • Pending interlocutory applications, if any, are to stand disposed of.

Final Ruling & Enforcement

  • The special leave petitions are disposed of in accordance with the directions above.
  • The order also disposes of any pending interlocutory applications.