Authority: Supreme Court of India

Order Date: 05-10-2026

Case Overview

  • Petitioners: IDBI BANK LTD & Anr.
  • Respondent: VIMAL SERVICES.
  • Petitions: Special Leave to Appeal (C) Nos.31549‑31550/2026, arising from impugned final judgments dated 19‑01‑2026 (SCA No.360/2026) and 22‑06‑2026 (MCA No.1556/2026) of the High Court of Gujarat, Ahmedabad.
  • Counsel for Petitioners: Mr. Tushar Mehta (Solicitor General), Mr. Anand Varma, AOR Mr. Polavarapu Sai Charan, Adv. Mr. Bhuvan Kapoor.
  • Counsel for Respondent: Mr. Nithyaesh Natraj, Adv. Mr. Vaibhav Venkatesh, Adv. Mr. K. Shiva (AOR), Ms. Amiti Gupta.
  • Bench: Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Sheel Nagu.

Order Details

1. Issue notice, returnable in four weeks.

2. Mr. K. Shiva, counsel for the caveator‑respondent, accepts the notice.

3. Counter‑affidavit to be filed within two weeks; signature not verified.

4. Any rejoinder to be filed within one week thereafter; digitally signed by Rashmi Dhyani Pant on 06‑10‑2026 12:53:18 IST.

5. Prima facie doubt expressed regarding whether the suit was instituted within the prescribed limitation period (referencing ITEM NO.37 COURT NO.7 SECTION III‑B).

6. Stay of operation of the impugned decree of the trial court until the next date of hearing.

Final Outcome

  • The Supreme Court stayed the operation of the lower‑court decree pending further proceedings and directed procedural steps for filing counter‑affidavit and rejoinder, while noting a possible limitation‑period issue.

Topics: Banking Litigation, Supreme Court Order