Authority: Supreme Court of India
Order Date: 24-08-2026
Case Overview
- Parties: Bank of India & Ors (Petitioner) vs S.M. Kamal Pasha & Ors (Respondent).
- Origin: Appeal against impugned final judgment and order dated 20-04-2026 in CAAT(I) No. 211/2026 passed by National Company Law Appellate Tribunal.
- Applications: IA No. 226239/2026 (condonation of delay in refiling SLP), IA No. 228318/2026 (permission to file additional documents/facts/annexures), IA No. 226238/2026 (stay application).
- Counsel: For petitioner – Mr. Tushar Mehta, Solicitor General Ms. Elavarasi, Adv. K.V. Mohan, AOR R.K. Raghavan, Adv. K.V. Balakrishnan, Adv. Devesh Khanduri; For respondents – Mr. Nidhesh Gupta, Sr. Adv. Bhanu Chopra, Adv. Deepak Deshmukh, Adv. Rashmi Shetty, Adv. Mohammad Shahyan Khan, Adv. Devashish Tiwari (AOR).
Observations and Directions
- The Court condoned the delay in filing the SLP.
- Issued notice to be returned by 23-09-2026.
- Advocate-on-Record Mr. Devashish Tiwari, on caveat, accepted and waived formal notice for Respondent Nos. 1 and 2.
- Remaining respondents to be served through the Court.
- Proceedings before the National Company Law Tribunal (NCLT) shall remain stayed pending further orders.
Final Outcome
- Delay condoned, notice issued with return date, waiver of formal notice for two respondents, and a stay on NCLT proceedings.
Topics: Banking Litigation; Supreme Court Order