Authority: Supreme Court of India

Order Date: 18-09-2026

Case Overview

  • Civil Appeal No(s). 7916/2026 filed by appellant Rakesh Dalpatram Panchal against respondents M/s. Kisan Steels Pvt. Ltd & Anr.
  • The matter was called for hearing on 18 September 2026 before Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Arun Palli.
  • Counsel for the appellant included Mr. Mahesh Agarwal, Mr. Ankur Saigal, Mr. Shivam Shukla, Mr. Pranav Saigal, Maj. Nirvikar Singh, and Mr. E. C. Agrawala (AOR).
  • Counsel for the respondents comprised Mr. Shreshth Jain (AOR), Mr. Raghav Sabharwal, Ms. Neha Buttan, Mr. Ayush Shrivastava, Mr. Dharmesh Shersia, Mr. Mohd. Saqib, Mr. Jagjit Singh Chhabra, Mr. Vinay K. Shailendra, Ms. Worthing Kasar, Mr. Saksham Maheshwari (AOR), Ms. Reba Jena Mishra, and Mr. Jasraj Singh Chhabra.

Court Order

1. The learned counsel for the petitioner was granted a period of one week to file a rejoinder affidavit.

2. Mr. Jagjit Singh Chhabra, counsel for the respondents, stated that pursuant to the Court’s directions, Deutsche Bank has de‑freezed the account and complied with the order; this statement was taken on record.

3. The matter was listed for further hearing on 27‑11‑2026.

4. The interim order dated 18‑May‑2026 shall continue to operate until further orders.

Final Outcome

  • The Court permitted the appellant to submit a rejoinder affidavit within a week, acknowledged that Deutsche Bank has complied by de‑freezing the account, upheld the interim order of 18 May 2026, and scheduled the next hearing for 27 November 2026.

Topics: Account Freeze, Banking Regulation