Authority: Supreme Court of India
Order Date: 03-08-2026
Case Overview
- Petitioners: Parul Agarwal & Anr.
- Respondents: Bank of Maharashtra & Ors.
- Origin: Special Leave Petition (Civil) Diary No. 45917/2026 arising from High Court of Madhya Pradesh judgment dated 29-07-2026 (WP No. 30195/2026).
- Counsel for petitioners: Senior Advocate Navin Pahwa and team; counsel for respondents not listed.
- The High Court, while dismissing the writ petition, in para 11 allowed petitioners to clear the debt to protect mortgaged house (House No. E-2/8, Arera Colony, Bhopal) by paying Rs. 1,00,00,000 (Rs 1 crore) within one month.
- Petitioners claim imminent threat of possession by the bank.
Final Outcome
1. IA No.222282/2026 – Permission to file SLP without certified/plain copy of the impugned order is allowed, subject to filing within two days.
2. Petitioners may deposit a demand draft of Rs. 1,00,00,000 (Rs 1 crore) with Bank of Maharashtra to protect the mortgaged house from auction.
3. The bank is prohibited from taking any coercive steps with respect to the mortgaged house pending payment.
4. Notice issued, returnable on 01.09.2026.
5. Dasti service is permitted for service of notice.
Topics: Mortgage Enforcement, Banking Litigation