Authority: Supreme Court of India
Order Date: 14-07-2026
Case Overview
- Parties: SMFG India Credit Company Limited (formerly Fullerton India Credit Co. Ltd) represented by authorized representative Shri Papin Jangra, Senior Manager (Petitioner) vs. Pradeep Kumar Lathar (Respondent).
- Nature of dispute: Possession and title of approximately 10,000 square yards of property; respondent claimed ability to hand over 9,000 square yards and sought release of deposited amount to facilitate negotiations for the remaining 1,000 square yards.
- Counsel submissions: Respondent‑contemnor stated 9,000 sq yd can be handed over with title documents and cancellation of sale deeds; petitioner had no objection to taking possession of that extent. Remaining 1,000 sq yd pending due to negotiations with purchasers and financial constraints.
- Court observations: Considering the submissions, the Court directed partial financial release to aid the respondent's negotiations.
Final Outcome
- The petitioner is directed to release 80% of the amount deposited by the respondent and retain the remaining 20%.
- The release must be effected within two weeks from receipt of the copy of this order.
- The respondent shall complete the handover of the remaining 1,000 square yards after effecting cancellation of the sale deed(s) within six weeks thereafter.
- Possession of the 9,000 square yards, together with title deeds and other relevant documents, shall be handed over by the respondent to the petitioner on 5th August 2026.
- The matter is listed for further hearing on 16th September 2026.
- The appearance of the contemnor is dispensed with for the present.
Topics: Court Order, Property Possession, Financial Release