Authority: Supreme Court of India
Order Date: 21-08-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.26596/2026 filed by Arth Micro Finance Private Ltd. & Ors against Shivalik Small Finance Bank Ltd., arising from the impugned final judgment and order dated 29‑07‑2026 in ARBA No.1/2025 passed by the Commercial Court No.1, Gautam Buddha Nagar, U.P.
- The petition includes IA No.226435/2026 (exemption from filing copy of the impugned judgment) and IA No.226437/2026 (exemption from filing other documents).
- Counsel for petitioners comprised Senior Advocate K. Parameshwar and a team of advocates; counsel for respondents included Senior Advocate Bishwajit Bhattacharyya and others.
- The matter was heard before a two‑judge bench of Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran.
Order
- The Court heard the learned senior counsel for both parties.
- It ordered that the arbitral tribunal orders dated 10‑July‑2025, 21‑August‑2025 and 9‑October‑2025, issued by the Arbitral Tribunal, Noida, U.P., shall remain stayed pending further determination.
- The next date of hearing was fixed for 17‑September‑2026.
Final Outcome
- The stay on the three arbitral orders remains in effect, and the dispute will be further considered on 17‑September‑2026 before the same bench.
Topics: Arbitration, Banking Dispute