Case name: Zainab Textiles vs Jammu and Kashmir Bank Ltd & ANR (Special Leave Petition (Civil) Diary No.19896/2026)
Court/Authority: Supreme Court of India
Case/Order No.: Diary No.19896/2026
Date of Order: 22-05-2026 (digitally signed 23-05-2026)
Related High Court judgment: Final judgment and order dated 17-12-2025 in WP(C) No.1494/2024, High Court of Jammu & Kashmir and Ladakh at Srinagar
Period of dispute: Not specified
Parties Involved
Petitioner: Zainab Textiles
Respondents: Jammu and Kashmir Bank Ltd and ANR
Counsel for petitioner: Mr. Towseef Ahmad Dar, AOR Mr. Manoj V George S
Bench: Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Satish Chandra Sharma
Court Master: Senior Personal Assistant Court Master – Manik Kumar (signature not verified)
Issues / Allegations / Violations
Petition sought to challenge the High Court’s judgment dated 17-12-2025 concerning the dispute between Zainab Textiles and Jammu and Kashmir Bank Ltd.
Specific allegations or violations are not detailed in the order; the petition primarily aimed at overturning the High Court’s decision.
Findings & Observations
The Supreme Court noted the delay in filing certain applications but chose to condone the delay.
The Court expressed no inclination to interfere with the High Court’s impugned judgment and order.
Penalties / Settlements / Directions
The Special Leave Petition was dismissed.
The petitioner was granted liberty to pursue his remedy under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
All points raised in the petition remain open for being urged before the relevant Debts Recovery Tribunal.
Any pending applications, if any, are ordered to stand disposed of.
Corrective Actions & Future Obligations
Zainab Textiles may file proceedings before the Debts Recovery Tribunal under the SARFAESI Act.
No further corrective measures imposed by the Court beyond the above directions.
Final Ruling & Enforcement
The Supreme Court dismissed the Special Leave Petition, upheld the High Court’s order, and directed that the matter be pursued before the Debts Recovery Tribunal.
The order was digitally signed by Manik Kumar on 23-05-2026 at 13:08:06 IST.
