PM FINCAP Order to Deposit Rs 70 Cr

Authority: Supreme Court of India

Order Date: 06-10-2026

Case Overview

• Petition(s) for Special Leave to Appeal (Crl.) No.18902/2026, arising from the impugned final judgment and order dated 16-09-2026 in CRMM No.52238/2026 of the High Court of Punjab & Haryana, Chandigarh.
• Petitioner: PM FINCAP LIMITED.
• Respondents: Santosh Mahalingam & Anr. (Respondent No.1) and the State (Respondent No.2).
• Counsel for petitioner: Sr. Adv. Sidharth Luthra, Sr. Adv. Rameshwar Singh Malik, Adv. Jitesh Malik, Adv. Jatin Hooda, Adv. Ria Yadav, Adv. Abhaya Nath Das, Adv. Piyush Sharma, Adv. Satish Kumar (AOR).
• Counsel for respondents: Sr. AAG Lokesh Sinhal, AOR Anurag Kulharia.
• The High Court had earlier permitted Respondent No.1 to return to India and surrender; this direction is now under review.

Final Outcome

• The Court ordered that a notice be issued, returnable on 23.11.2026.
• Respondent No.2 (State) accepted the notice through its AOR, Mr. Anurag Kulharia.
• The direction from the High Court allowing Respondent No.1 to return to India and surrender is stayed.
• Respondent No.1 is directed to deposit a sum of Rs.70 crores with the Registry of the Supreme Court; only upon such deposit will his prayer for permission to travel to India and surrender be considered.

Topics: Legal Proceedings, Corporate Litigation