Authority: Supreme Court of India
Order Date: 29-06-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.21993/2026 filed by IIFL Finance Ltd (authorised officer) against Paramvir Developers Pvt. Ltd. & others, arising from the impugned final judgment and order dated 04-05-2026 in IA No.4596/2025 of the High Court of Bombay.
- The petition seeks exemption from filing copy/counter‑copy of the impugned judgment.
- Senior Counsel Gopal Jain appeared for the petitioner; Senior Counsel Aniruddha Anant Joshi appeared for Respondent No.1, with other respondents indicated as part of the same group.
- The bench comprised Hon’ble Mr. Justice K.V. Viswanathan and Hon’ble Mr. Justice Shree Chandrashekhar (Partial Court Working Days Bench).
Observations & Directions
- Both parties, on the Court’s suggestion, agreed to attempt resolution through mediation, without prejudice to their rights.
- The Court requested Hon’ble Mr. Justice Abhay S. Oka, former Judge of this Court, to act as mediator; the mediator may fix terms after discussion with the parties.
- The parties undertook to jointly request postponement of the suit’s hearing pending the mediation report and to refrain from further precipitating the issue.
- The matter is listed for hearing in the first week of September 2026.
Final Outcome
- The Supreme Court ordered that the dispute be referred to mediation under Justice Abhay S. Oka, that the hearing be adjourned until a mediation report is filed, and that the case be listed again in early September 2026.
Topics: Mediation, Court Proceedings