Authority: Supreme Court of India
Order Date: 03 August 2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 17081/2026 filed by Percept Finserve Private Limited & Anr. against Edelweiss Financial Services Limited, arising from the High Court of Bombay’s final judgment and order dated 09 March 2026 in CAA(L) No. 5187/2026.
- The matter was listed before a two‑judge bench comprising Hon’ble Mr. Justice Sanjay Kumar and Hon’ble Mr. Justice Sanjeev Sachdeva.
- Counsel for the petitioners included senior advocates Shyam Divan, Lzafeer Ahmad B.F., Vivek A. Vashi and others; counsel for the respondent included senior advocate Gaurav Pachnanda, Biju Mattam and others. Adv. Satish Kumar appeared on behalf of the respondent and waived service of notice.
Final Outcome
- The Court ordered that a notice be issued, returnable on 26 October 2026.
- Respondent’s counsel, Adv. Satish Kumar, waived service; therefore, formal service of the notice is not required.
- The petitioner must file a counter‑affidavit/reply within four weeks of the order date, with any rejoinder within two weeks thereafter.
- Both parties are directed to file short written submissions not exceeding four pages, in Times New Roman/Ariel, font size 14, line spacing 1.5, before the next hearing.
- The operation of the impugned High Court order dated 09 March 2026 is stayed pending the next hearing.
- The matter will be taken up after completion of hearings in other matters.
Topics: Court Proceedings, Financial Services Litigation