Authority: Supreme Court of India
Order Date: 31-07-2026
Case Overview
- Petition(s) for Special Leave to Appeal (C) No. 24621/2026, arising from the impugned final judgment and order dated 10-07-2026 in WPL No. 42763/2025 passed by the High Court of Judicature at Bombay.
- Petitioner: Urvil Akshaya Jani.
- Respondent: Punjab National Bank.
- Interlocutory Applications: IA No. 206845/2026 (exemption from filing copy of the impugned judgment) and IA No. 209479/2026 (permission to file additional documents/facts/annexures).
- Hearing date: 31-07-2026 before a bench of Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandran.
- Counsel for petitioner: Senior Advocate Navin Pahwa, Adv. Pranjit Bhattacharya, Adv. Shadab Jan, Adv. Nitya Prabhakar, Adv. Shalini Basu, Adv. Kunal Dave.
- Counsel for respondent: (not listed).
- The bank had declared the petitioner’s account a fraud account in accordance with an RBI circular.
- The petitioner approached the Bombay High Court via a writ petition, questioning the procedure adopted by the bank in declaring the account as fraudulent.
- The High Court rejected the petition, holding that there was no procedural defect in the bank’s action and expressly stating it had not examined the merits of the decision.
- The High Court indicated that the petitioner could approach an appropriate forum, including filing a civil suit, to challenge the legality and validity of the fraud‑account declaration.
Final Outcome
- The Supreme Court disposed of the Special Leave Petition, effectively dismissing the petition and leaving the High Court’s order and the bank’s fraud‑account declaration intact.
Topics: Banking Regulation, Legal Proceedings