Authority: Supreme Court of India
Order Date: 28-09-2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 29646/2026 filed by M/S Siddharth Textile against RBL Bank Limited & others, arising from the impugned final judgment and order dated 17-08-2026 in DBSAW No. 362/2026 passed by the High Court of Judicature for Rajasthan at Jaipur.
- The petition sought vacation of an interim order (IA No. 277639/2026) and raised a fervent plea that the petitioner was carrying a cheque for Rs 1,11,00,000/‑ (Rs 1.11 crore) on the day of hearing.
- Respondent’s senior counsel highlighted an earlier order dated 22.01.2026 passed by the Debts Recovery Tribunal, Jaipur, directing payment of Rs 1.50 crore, indicating a shortfall of Rs 39 lakh.
- The Court noted the petitioner’s continued default but considered an equitable concession, noting that the disputed amount pertained to a residential building housing several families.
Directions
- The Court directed RBL Bank Limited to receive the cheque of Rs 1,11,00,000/‑ submitted by the petitioner on the day of hearing.
- The petitioner was ordered to pay an additional sum of Rs 39,00,000/‑ (Rs 39 lakh) within four weeks from the date of the order.
- The Court clarified that this concession is the last opportunity extended on equitable grounds and does not preclude the petitioner from exploring a one‑time settlement with the respondent.
- The matter was listed for compliance on 29-10-2026.
Final Outcome
- Siddharth Textile must pay the additional Rs 39 lakh within four weeks, in addition to the Rs 1.11 crore already tendered, and comply with the listing on 29‑Oct‑2026.
Topics: Debt Recovery, Banking Dispute