Authority: Supreme Court of India
Order Date: 06-10-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.34884/2026 filed by Mahendra Bhai N. Mehta, aged about 94 years, against State Bank of India & others, arising from the impugned final judgment and order dated 21‑07‑2026 in FA No.53/1993 of the High Court of Gujarat, Ahmedabad.
- The petitioner seeks to settle his involvement in the dispute by paying a sum of Rs 1.5 crore to the State Bank of India within four weeks, stating that this payment will not preclude the bank from recovering the amount from other judgment debtors.
- Respondent SBI, through counsel, requested a one‑week period to seek instructions on the matter; the Court granted this request.
- The matter was ordered to be listed for further hearing in the week commencing 26 October 2026.
Final Outcome
- The Court recorded the petitioner’s settlement offer of Rs 1.5 crore and granted SBI a one‑week extension to obtain instructions, with the case scheduled for a further hearing on the week of 26 Oct 2026.
Topics: Settlement, Banking Litigation, Court Proceedings