Authority: Supreme Court of India
Order Date: 03-08-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.20092/2026 filed by the Board of Trustees of the Mumbai Port Trust against JSW Steel Limited (formerly Ispat Industries Ltd) and others, arising from the High Court of Bombay judgment and order dated 10-04-2026 in WP No.2127/1996.
- The petition was listed for admission on 03-08-2026 before a two‑judge bench of Justice K.V. Viswanathan and Justice Arun Palli.
- Counsel for the petitioner, led by Solicitor General Tushar Mehta, sought a four‑week extension to file a rejoinder affidavit to the respondent’s counter‑affidavit.
- Respondent No.1 (JSW Steel) had deposited Rs 4,09,25,764 in the court pursuant to an order dated 19-06-2026 and sought permission to withdraw the amount upon furnishing adequate security.
Order
1. The Court granted the petitioner’s request for a four‑week period to file the rejoinder affidavit.
2. Respondent No.3 entered appearance; service of notice was effected.
3. Respondent No.1’s request to withdraw the deposited amount was entertained; the Court directed that, upon submission of a satisfactory bank guarantee to the Registrar (Judicial), the principal sum together with accrued interest be released to Respondent No.1.
4. Liberty was granted to both parties to complete the pleadings in the interim.
Final Outcome
- The deposited amount of Rs 4,09,25,764 (plus interest) may be released to JSW Steel Limited once a bank guarantee satisfactory to the Registrar is provided, and the petitioner is allowed four weeks to file a rejoinder affidavit, with the proceedings to continue.
Topics: Court Order, Corporate Litigation, Deposit Release