Canbank Financial Services Exempted from Surrender

Authority: Supreme Court of India

Order Date: 28-09-2026

Case Overview

• Civil Appeal Diary No. 56756/2026 filed by Pallav Sheth (Petitioner) against Canbank Financial Services Ltd (Respondent).
• Applications listed: IA No. 294527/2026 (condonation of delay), IA No. 294529/2026 (exemption from surrender), IA No. 294528/2026 (stay).
• Hearing held on 28‑09‑2026 before Hon’ble Mr. Justice Sheel Nagu (in chamber).
• Petitioner's counsel: Mr. Rajiv Dutta (Senior Advocate), Mr. Shubham Janghu, Mr. Arjun Sahani, Mr. Gopal Singh (Advocate on Record).
• No counsel appeared for the respondent.

Final Outcome

• IA No. 294529/2026: The appellant is exempted from surrendering, provided he deposits the prescribed fine within seven days and furnishes the required surety and security satisfactory to the jurisdictional Magistrate.
• The matter was thereafter listed for further proceedings.

Topics: Legal Order, Financial Services