Authority: Supreme Court of India

Order Date: 17-08-2026

Case Overview

  • Petition for Special Leave to Appeal (C) No. 28009/2026 filed by State Bank of India against SMS India Private Limited & ANR, arising from the impugned final judgment and order dated 23-06-2026 in Commercial Appeal From Order (ST) No. 11849/2026 passed by the High Court of Judicature at Bombay.
  • The petition seeks exemption from filing copy of the impugned judgment and challenges the High Court's order.
  • The matter was heard before a two‑judge bench comprising Hon’ble Mr. Justice Satish Chandra Sharma and Hon’ble Mr. Justice Nongmeikapam Kotiswar Singh, with counsel for the petitioner including Solicitor General Mr. Tushar Mehta and others.

Order

1. The Court directed that a notice be issued, returnable within four weeks.

2. The effect and operation of the High Court’s impugned order dated 23.06.2026 shall remain stayed until further orders.

Final Outcome

  • The stay order suspends the High Court’s decision pending the Supreme Court’s determination of the appeal, preserving the status quo for the parties.

Topics: Legal Stay, Banking Dispute