Authority: Supreme Court of India
Order Date: 14-08-2026
Case Overview
- Petitions for Special Leave to Appeal (C) Nos.27844‑27845/2026 arise from the impugned final judgment and order dated 08‑06‑2026 in WP No. 2851/2026 and WP No. 3233/2026 passed by the High Court of Judicature at Bombay.
- Petitioner: Pradeep Gordhandas Vora.
- Respondents: AlouKik Construwell LLP (Respondent No.1 – Auction Purchaser) and an unnamed Bank (Respondent No.2).
- The matter was called for hearing on 14‑08‑2026 before a two‑judge bench comprising Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandran.
- Counsel appearing: Senior Counsel Mr. Srinath Sridevan for the petitioner; Senior Counsel Mr. Shyam Divan for Respondent No.1; Senior Counsel Mr. Gopal Jain for the Bank.
- The limited issue for consideration is the interpretation and applicability of Section 18 of the SARFAESI Act, 2002, specifically the statutory condition of pre‑deposit prescribed therein.
- Advocates on caveat: Ms. Preetika Dwivedi (for Respondent No.1) and Ms. Bhavana Duhoon (for Respondent No.2 – Bank) accepted and waived formal notice on behalf of their respective respondents.
Final Outcome
- The Court issued a notice to the parties, returnable on 17‑09‑2026, directing them to present arguments limited to the interpretation of Section 18 of the SARFAESI Act.
- No substantive ruling on the merits of the pre‑deposit condition was made; the matter is slated for further hearing after the returnable date.
Topics: SARFAESI Act, Pre‑deposit Condition, Banking Regulation