Authority: Supreme Court of India, Civil Original Jurisdiction

Order Date: 10 September 2026

Case Overview

  • Appeal numbers 5499‑5500/2016 were filed by Reserve Bank of India (RBI) and others against A.B Tools (P) Ltd. and others.
  • Application IA No.216835 of 2026 sought substitution of the respondent’s name; the Court approved substitution to Edificio Infrastructure Pvt. Ltd., registered at Plot No.7 & 8, Sector 3, Parwanoo, Solan, Himachal Pradesh‑173220.
  • The parties also submitted IA No.184049 of 2026 containing a settlement dated 9 June 2026 (Annexure‑A). The settlement was digitally signed by Borra LM Valli on 16 September 2026 at 17:29:10 IST.
  • After reviewing the settlement terms and finding them lawful, the Court ordered disposal of the civil appeals in accordance with the settlement.
  • The hearing on 10 September 2026 was before Hon’ble Mrs. Justice B.V. Nagarathna and Hon’ble Mr. Justice R. Mahadevan. Counsel for the appellants included Mr. Ramesh Babu M.r, Sr. Adv., Ms. Nisha Sharma, Adv., Ms. Tanya Chowdhary, Adv., Mr. Charly, Adv., and Ms. Mukti Chowdhary, AOR. Counsel for the respondents included Mr. Saurabh D. Karan Singh, Adv., Ms. Kanika Singh, Adv., and Mr. Vinam Gupta, AOR.
  • The Court Master (SH) B. Lakshmi Manikya Valli and (NSH) Divya Babbar recorded the order and placed the signed order on file.

Final Outcome

  • Respondent’s name officially changed to Edificio Infrastructure Pvt. Ltd.; cause title amended accordingly.
  • Civil Appeals 5499‑5500/2016 disposed of per the settlement dated 9 June 2026; IA No.184049/2026 also allowed.
  • All pending applications, if any, stand disposed.

Topics: Legal Settlement, Banking Regulation