Authority: Supreme Court of India
Order Date: 16‑09‑2026
Case Overview
- Petitioners: M/S Lateef Agro Industries IGC filed Special Leave to Appeal (C) No. 31639/2026, arising from the impugned final judgment and order dated 06‑07‑2026 in WP(C) No. 1063/2024 of the High Court of Jammu & Kashmir and Ladakh, Srinagar.
- Respondents: Jammu and Kashmir Bank Ltd & Others.
- The petitioner sought exemption from filing a certified copy (C/C) of the impugned judgment as directed by the High Court.
- Counsel for the petitioner included Mr. R. Anand Padmanabhan, Sr. Adv., Mr. Rohit Kumar Singh (AOR), Ms. Shweta Priyadarshini, Ms. Nishi Singh, and Ms. Bhagwati.
Court Observations & Directions
1. The Court ordered that a notice will be issued only after the petitioner deposits Rs 50,00,000 (Fifty Lakhs) with the respondent bank, replacing the earlier High Court direction of Rs 1.50 crore.
2. The deposit must be made within one week of the order.
3. Dasti filing (manual filing) is permitted in addition to electronic filing.
4. The matter is listed for further hearing on 05‑10‑2026.
Final Outcome
- The petitioner must comply with the reduced security deposit of Rs 50 lakh within the stipulated one‑week period; failure to do so will prevent issuance of the notice.
- The case proceeds to the next hearing on 5 October 2026.
Topics: Banking, Legal Proceedings