Authority: Supreme Court of India
Order Date: 16-10-2026
Case Overview
- Petitioners: Pushpam Plaza Private Ltd & Anr; Respondents: Authorized Officer & Others.
- The petition sought special leave to appeal the final judgment and order dated 29‑09‑2026 passed by the High Court of Bombay in IA(L) No. 28510/2026.
- The High Court judgment (paragraphs 11‑12) directed that the petitioner deposit a balance amount of Rs 80 lakhs with the Debt Recovery Appellate Tribunal (DRAT), Mumbai, on or before 6 Oct 2026, failing which the automatic dismissal of the appeals would take effect.
- The petitioner submitted that the amount of Rs 80,00,000 was deposited with DRAT on 06‑10‑2026.
Final Outcome
- The Supreme Court, after hearing senior counsel Mr. Shoeb Alam, accepted the deposit and ordered that the status‑quo be maintained until the DRAT proceedings are completed.
- The Special Leave Petition stands disposed of, and any pending applications are also disposed of.
Topics: Legal Dispute, Debt Recovery, Court Order