Regulation And Legal
Kotak Mahindra Bank Transfer Petition Restored
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
23rd May 2026
Case Details
- Case Name / Application: Miscellaneous Application No. 1538/2026 in Transfer Petition (Criminal) No. 513/2025
- Court / Authority: Supreme Court of India
- Case / Order No.: IA No. 175001/2025 (Restoration)
- Date of Hearing: 20‑05‑2026
- Date of Order: 23‑05‑2026 (Digitally signed by Asha Sundriyal)
- Period of Violation / Dispute: Not applicable (procedural defect cure delay)
Parties Involved
- Petitioner: Tanusri B. Sengupta
- Counsel: Mr. Prashant (AOR), Mrs. Nisha Rai, Adv.; Ms. Vedanshi Verma, Adv.; Mr. Anand Mishra, Adv.
- Respondent: Kotak Mahindra Bank Ltd
- Counsel: Not listed in the excerpt
Issues / Allegations / Violations
- The petitioner had procedural defects in the transfer petition which required curing.
- The defects were cured, but there was an eight‑day delay in doing so.
Findings & Observations
- The Court observed that the petitioner had cured the defects despite the delay.
- No substantive merit issue was raised; the focus was on procedural compliance.
Penalties / Settlements / Directions
- No monetary penalty was imposed.
- The eight‑day delay in curing the defects was condoned by the Court.
Corrective Actions & Future Obligations
- The Court directed that the application for restoration be allowed.
- The Transfer Petition is to be restored to its original number (T.P. No. 513/2025).
Final Ruling & Enforcement
- The application for restoration (IA No. 175001/2025) is allowed.
- The Transfer Petition stands restored to its original number.
- The order is signed digitally by Deputy Registrar Branch Officer Asha Sundriyal on 23‑05‑2026.