Case Details

  • Case Name: Canara Bank vs Bhavesh Mansukhbai Rathod, Interim Resolution Professional & Ors.
  • Civil Appeal No(s). 6719‑6720/2026
  • Stay Application (IA) No.: 130861/2026
  • Date of Hearing: 22‑05‑2026
  • Court: Supreme Court of India
  • Bench (Coram): Hon'ble Mr. Justice Pamidighantam, Sri Narasimha, Hon'ble Mr. Justice Alok Aradhe

Parties Involved

  • Appellant: Canara Bank
  • Respondent: Bhavesh Mansukhbai Rathod, Interim Resolution Professional & Others
  • Counsel for Appellant: Mr. Tushar Mehta (Solicitor General), Mr. Aayush Agarwala, Adv. Anuj P. Agarwala, Adv. Kritika Bhardwaj, Adv. Niyati Merchant, Adv. Nishit Dhruva, Adv. Utkarshani Srivastava, Adv. Gaurav Verma, Adv. Aman Mehta, Pba Legal (AOR)
  • Counsel for Respondent: Mr. Shyam Divan (Sr. Adv.), Mr. Mahesh Agarwal, Adv. Ankur Saigal, Adv. Kunal Mehta, Adv. Jinal Gogri, Adv. Shivam Shukla, Adv. Pranav Saigal, Adv. Shivani Agarwal, Adv. Trishala Trivedi, Adv. E. C. Agrawala, AOR Mr. Chitranshul Sinha, Adv. Meghna Rao, Adv. Yahya Batatawala, Adv. Aadhar Nautiyal, Adv. Uma Chatterjee

Penalties / Settlements / Directions

  • The Court granted two weeks to the respondent to file a counter affidavit.
  • Any rejoinder affidavit (if filed) must be submitted within two weeks thereafter.
  • The matter is listed for hearing in August 2026.
  • An interim order to continue the proceedings was issued.

Corrective Actions & Future Obligations

  • Respondent must file the counter affidavit within the stipulated two‑week period.
  • If a rejoinder is filed, it must be submitted within the subsequent two‑week window.
  • Parties must appear for the scheduled hearing in August 2026.

Final Ruling & Enforcement

  • The interim order remains in force, and the Court’s directions on filing timelines and future listing are binding on the parties.