Authority: Supreme Court of India

Order Date: 30-07-2026

Case Overview

  • Petition for Special Leave to Appeal (C) No. 8907/2024, arising from the impugned final judgment and order dated 13-02-2024 in WPMD No.3024/2024 of the High Court of Judicature at Madras, Madurai.
  • Petitioner: P. Renganathan.
  • Respondents: The Authorized Officer, Canara Bank & Others.
  • Multiple intervenor applications (IA No. 75354/2025, IA No. 92030/2024, IA No. 162842/2024, IA No. 2231/2025, IA No. 139668/2024, IA No. 178183/2024) seeking exemptions from filing orders, permission to file additional documents, and exemption from filing copies of the impugned judgment.
  • Bench: Hon'ble Chief Justice, Hon'ble Mr. Justice Joymalya Bagchi, Hon'ble Mrs. Justice V. Mohana.
  • Counsel for petitioner: Mr. Rana Mukherjee, Sr. Adv.; Ms. Madhusmita Bora, AOR; Mr. T Sundar Rajan, Adv.; Ms. Pavithra V., Adv.; Mr. Vaibhav Chechi, Adv.
  • Counsel for respondents: Mr. Samir Malik, AOR; senior law officers including Mr. Tushar Mehta, Solicitor General, and a team of senior advocates.

Order

1. Continuing the order dated 09.12.2024, the Court appoints PricewaterhouseCoopers (PwC) at Chennai as the forensic auditor to audit the accounts of the auction purchaser (respondent No.3) concerning expenditures incurred on renovation of the hotel after the auction. The auditor shall also estimate the market value of the hotel as of the auction date.

2. The forensic audit report must be submitted within one month from the date of this order. The petitioner shall initially pay the requisite fees to PwC, subject to adjustment of such expenditure at the time of final disposal of the matter.

3. The petitioner shall promptly furnish a copy of this Order to PwC, Chennai.

4. The matter is listed for further hearing on 10.09.2026.

Final Outcome

  • PwC Chennai is formally appointed to conduct a forensic audit of the auction purchaser’s hotel renovation expenses and to determine the hotel’s market value at auction; the audit report is due within one month, with costs initially borne by the petitioner and the case slated for a subsequent hearing on 10‑09‑2026.

Topics: Legal Proceedings, Forensic Audit