Authority: Supreme Court of India
Order Date: 01 Oct 2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 33555/2026 filed by Federal Bank Ltd against Murthi Cotton Waste Company, arising from the impugned final judgment and order dated 27-08-2026 in CRP No. 2763/2026 passed by the High Court of Judicature at Madras.
- The petition also includes IA No. 288428/2026 seeking exemption from filing a certified copy of the impugned judgment.
- Hearing took place on 30-09-2026 before a bench of Hon'ble Mr. Justice Aravind Kumar and Hon'ble Mr. Justice Vipul M. Pancholi.
- Counsel for the petitioner: Mr. P. I. Jose (AOR), Ms. P. S. Chandralekha, Adv. Mr. Jose Augustine.
- Counsel for the respondent: Mr. R. Nedumaran, Sr. Adv.; Mr. B. Ragunath, Adv.; Mr. Venkataraman R. (AOR).
Order Details
- The Court directed that a notice be issued, which shall be returnable within four weeks.
- Mr. Venkataraman R., learned AOR for the respondent, accepted and waived service of the notice upon the sole respondent.
- The Court imposed a stay on the operation of the impugned High Court order until further orders are issued.
Final Outcome
- Stay of the High Court order is in effect pending further directions.
- Procedural notice to be issued with a four‑week return period, with service waived by the respondent’s AOR.
Topics: Banking, Court Proceedings