Authority: Supreme Court of India
Order Date: 28-07-2026
Case Overview
- Petitioners: Neelapu Neelima & Anr; Respondent: IDBI Bank Ltd & Ors.
- Originated from impugned final judgment dated 04-05-2026 of the High Court of Andhra Pradesh (WP No. 30430/2025).
- Earlier Court order dated 29-05-2026 allowed exemption application and fixed total amount due by petitioners at Rs.47,42,531 (Rupees Forty‑Seven Lakh Forty‑Two Thousand Five Hundred Thirty‑One).
- Petitioners, represented by Senior Counsel Ms. Anitha Shenoy and a team of advocates, had already deposited Rs.10,00,000 and were instructed to deposit an additional Rs.10,00,000 within two days and the balance Rs.27,42,531 by 22‑06‑2026, as fixed by the High Court.
- The Court maintained status‑quo, returnable on 28‑07‑2026, noting no error in the impugned order and that the petitioners had no merit case but were willing to deposit the amount.
- On 28‑07‑2026, senior counsel Ms. Anitha Shenoy confirmed full compliance with the order; the Bank’s counsel Mr. Nithin Paul also affirmed compliance.
- Bank counsel later alleged an outstanding amount of Rs.3,00,000, which the Court rejected, stating there was no basis for the demand.
- The Court directed that, having fully paid the directed amount, the pending proceedings before the Debt Recovery Tribunal (DRT) be closed and the title‑deeds of the mortgaged property be handed over to the original owner of the secured asset.
Final Outcome
- The petition is disposed of; all pending applications, if any, are also disposed.
- The DRT proceedings are to be closed, and title‑deeds returned to the original owner.
Topics: Court Order, Mortgage Settlement, Banking Dispute