Authority: Supreme Court of India
Order Date: 21-09-2026
Case Overview
- Parties: National Bank for Agriculture and Rural Development (NABARD) (Petitioner) vs. Abdul Majid Babasoo Momin & Ors. (Respondents).
- Nature of Proceeding: Petition for Special Leave to Appeal (C) No.16087/2017 arising from a High Court judgment dated 30‑01‑2017 in WP No. 4399/2013.
- Key Issue: Determination of a settlement amount that NABARD is prepared to pay to the bank for loan accounts of farmers declared ineligible under a specific agricultural scheme.
- Amount & Scope: NABARD states it is ready to pay Rs 66.76 crore covering 15,586 loan accounts belonging to different farmers.
- Bank's Position: The bank contests NABARD’s claim, asserting that no consultation has taken place with NABARD to fix the Rs 66.76 crore figure.
- Basis of NABARD’s Figure: NABARD relies on a communication from the bank dated 8‑Apr‑2026, which the court notes appears to be minutes of a meeting rather than a formal letter.
Court Directions
1. An affidavit must be filed by a responsible officer of NABARD within two weeks from the order date, detailing how the Rs 66.76 crore amount was calculated and the basis used by the bank.
2. One copy of the affidavit shall be served on the counsel for the bank.
3. The respondent may file a rejoinder within one week after receipt of the affidavit.
4. The court recorded the hearing on 21‑09‑2026 and listed the next hearing for 14‑Oct‑2026 at 3:00 p.m. before the Registrar‑cum‑PS Court Master.
Final Outcome
- The Supreme Court did not adjudicate the substantive dispute over the payment amount; instead, it directed the parties to clarify the basis of the claimed settlement through an affidavit and subsequent rejoinder, thereby keeping the matter open for further factual determination.
Topics: Agricultural Loan Settlement, Legal Dispute