Authority: Supreme Court of India
Order Date: 25-09-2026
Case Overview
- Petitioners: Chitrasen Nagnath Gulave (petitioner‑guarantor) filed Special Leave Petition (C) No. 33658/2026, arising from the impugned final judgment and order dated 18‑09‑2026 in WP No. 7600/2026 passed by the High Court of Judicature at Bombay.
- Respondents: Apna Sahakari Bank Ltd. and others.
- Multiple Interlocutory Applications (IA) were listed (IA No. 290195/2026, IA No. 293458/2026, IA No. 292739/2026, IA No. 294768/2026, IA No. 294769/2026) seeking exemption from filing copies of the impugned judgment, permission to file additional documents, and exemption from filing O.T.
- Counsel for petitioner‑guarantor (Mr. Viraj Parikh, Mr. Punit Agarwal, Mr. Priyansh Jain, Mr. Shamant Satiya, Mr. Sajal Jain) argued that the petitioner had submitted a proposal requesting the bank to grant him the benefit of its One‑Time Settlement (OTS) scheme.
- Counsel for the respondent bank (Mr. Shyam Mehta, Mr. Charles De Souza, Mr. Aaditya Aniruddha Pande, Mr. Nikhil Rajani, Mr. Rupak Sawangikar, Ms. Pragati Gothi, Ms. Chitransha Singh Sikarwar) stated that the bank had no instructions on the matter and would inquire before responding.
Final Outcome
1. The Court observed that if the bank decides to grant the OTS benefit, it must do so subject to fulfillment of all stipulated conditions by the petitioner and without any influence from the pending Special Leave Petition.
2. The Court directed that the Special Leave Petitions be listed for further hearing after a period of two weeks.
Topics: Banking, One‑Time Settlement, Legal Proceedings