Authority: Supreme Court of India
Order Date: 26-10-2026
Case Overview
- Petitioners: Madhav Prasad Agarwal & Ors (Special Leave Petition (Civil) Diary No. 46537/2026).
- Respondents: State Bank of India & Ors.
- Origin: Arising out of impugned final judgment and order dated 04-05-2026 in WP No. 1835/2016 passed by the High Court of Judicature at Bombay.
- Counsel for Petitioners: Senior Advocate Ravi Shanker Jha, AOR Rohit K. Singh (1999), and Advocates Sahil Sonkusale, Aryaman Jha, Kartikey Bansal, Yashveer Singh.
- Counsel for Respondents: Senior Advocate Rajiv Shakdhar, AOR Sanjay Kapur, and Advocates Surya Prakash, Shrishti Kundu, Kartikey Kaushik.
- Bench: Hon'ble Mr. Justice K.V. Viswanathan and Hon'ble Mr. Justice Arun Palli.
- Interim Applications: IA No. 300275/2026 (Condonation of delay in refiling/curing defects) and IA No. 300272/2026 (Permission to file lengthy list of dates).
Final Outcome
- The Court directed that the dispute be attempted to be resolved through mediation.
- Hon'ble Mr. Justice M.M. Kumar, former Chief Justice of the High Court of Jammu and Kashmir, was appointed as the mediator.
- Parties are instructed to get in touch with the learned Mediator; the fee and other terms of mediation will be fixed after consultation with the Mediator.
- The mediation is expressly without prejudice to the rights and contentions of either party and will be independent of any observations made by the Courts below, including the High Court.
- The matter is listed for further hearing on 11.01.2027.
- The Court ordered that no coercive steps be taken against the petitioners until the next date of hearing.
- The order was recorded by Deputy Registrar Court Master (NSH), Asha Sundriyal and Nikita Singh.
Topics: Mediation, Banking Litigation