Authority: Supreme Court of India

Order Date: 07-07-2026

Case Overview

  • Petitioner: Indian Overseas Bank
  • Respondents: Saravanan Periasamy & Anr.
  • Origin: The petition arises from an impugned final judgment and order dated 23-06-2026 in WPCRL No. 1157/2025 passed by the High Court of Judicature at Madras.
  • Petition Details: IA No. 186429/2026 seeks exemption from filing copy/certificate of the impugned judgment; IA No. 186442/2026 seeks permission to file the Special Leave Petition (SLP).
  • Bench: Hon'ble Mr. Justice Manoj Misra and Hon'ble Mr. Justice Shree Chandrashekhar (Partial Court Working Days Bench).
  • Counsel: For the petitioner – Mr. Tushar Mehta (Solicitor General), Mr. Karthik Sundar, Adv. Ms. V. Rajeswari, Adv. Ms. Sneha Sanjay Botwe, AOR, and Mr. Chapalgaonkar Siddharth Sarang, Adv.; for the respondents – Mr. D. Kumanan, AOR.

Court Order

1. Permission to file the Special Leave Petition is granted.

2. Issue notice to the respondents, returnable within six weeks.

3. The effect and operation of the High Court order dated 23.06.2026 shall remain stayed pending further proceedings.

Final Outcome

The Supreme Court has authorized Indian Overseas Bank to pursue the Special Leave Petition, directed that a notice be served to the respondents with a six‑week return period, and stayed the operative force of the High Court’s 23‑06‑2026 order until the matter is further heard.

Topics: Legal Proceedings, Banking