Discotone Indo Ltd vs Canara Bank Settlement Failure

Authority: Supreme Court Special Lok Adalat

Order Date: 23 August 2026

Case Overview

• Civil Appeal No.6041/2015 filed by Discotone Indo Ltd (appellant) against Canara Bank and others (respondents).
• Interlocutory Applications: IA No.69477/2024 seeking addition, deletion, or modification of parties; IA No.27228/2016 seeking directions.
• Proceedings heard before Hon'ble Mr. Justice Prashant Kumar Mishra and Hon'ble Mr. Justice Shree Chandrashekar, with senior advocate Reepak Kansal appearing for the appellant and a team of counsel for the respondents.
• The matter was conducted under the Special Lok Adalat mechanism of the Supreme Court, aiming for amicable settlement.

Final Outcome

• The parties did not reach an amicable settlement.
• The Court directed that the dispute be listed before the Regular Court after a period of four weeks from the date of this award.

Topics: Legal Dispute, Banking