Authority: Supreme Court of India

Order Date: 04-08-2026

Case Overview

  • Petitioners: M/S. OYO Hotels and Homes Private Limited (petitioner) vs M/S. Meridian Hotels Private Limited (respondent).
  • The matter stems from Special Leave to Appeal (C) No. 10173/2026, arising out of the impugned final judgment and order dated 19-02-2026 passed by the High Court of Gujarat, Ahmedabad (SCA No. 2203/2026).
  • The High Court had ordered attachment of the petitioner's bank account No. 916020049567377 maintained with Axis Bank, Green Park, New Delhi, on 11.02.2026.
  • The decree amount payable by the petitioner was Rs 2.41 crore, of which the petitioner claimed to have already deposited the entire amount and sought to withdraw the SLP and lift the attachment.

Court Observations & Directions

1. The petitioner, through senior counsel Ms. Madhavi Divan, confirmed that Rs 2.41 crore has been deposited and that the balance of Rs 8.8 lakh will be deposited within two weeks before the executing court.

2. In view of the substantial deposit, the Court considered that the interest of justice would be served by setting aside the attachment order dated 11.02.2026.

3. The Court ordered that the attachment order be set aside and directed the petitioner to deposit the remaining Rs 8.8 lakh within two weeks from the date of the order.

4. The Special Leave Petition stands disposed, with the question of law raised by the senior counsel kept open for consideration in an appropriate case.

5. The Court condoned the delay in refiling the petition.

6. Notice was issued; respondent’s AOR, Mr. Anil Kumar, accepted the notice on behalf of the respondents and waived service of formal notice.

7. The matter was listed for further hearing on 07-08-2026.

Final Outcome

  • Attachment order dated 11‑02‑2026 on the petitioner's Axis Bank account is set aside.
  • The petitioner must deposit the remaining Rs 8.8 lakh within two weeks.
  • The Special Leave Petition is disposed, with the underlying legal question retained for future consideration.
  • Procedural delays are condoned, and the case is scheduled for the next hearing on 07‑08‑2026.

Topics: Attachment, Special Leave Petition