Supreme Court Allows SBI SLP Appeal to DRT

Authority: Supreme Court of India

Order Date: 23-06-2026

Case Overview

• Petitioners: Varun Roshan Kohli & Anr.
• Respondents: State Bank of India & Ors.
• Origin: Special Leave Petition (Civil) Diary No. 25067/2026, arising from impugned final judgment and order dated 19-02-2026 in FMA No. 881/2025 passed by the High Court at Calcutta.
• Bench: Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Joymalya Bagchi (Partial Court Working Days Bench).
• Petitioners appeared in person; Naresh Narayan Kohli addressed the Court at length.

Final Outcome

1. Permission to file the Special Leave Petition is granted.

2. The petitioners are given liberty to file an appeal before the Debts Recovery Tribunal (DRT) within one month from the date of this order, invoking Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).

3. If the appeal is filed within the stipulated one‑month period, the issue of limitation shall not be raised by either the Appellate Tribunal or the respondents.

4. Any application filed under the proviso to Section 18 of the SARFAESI Act shall be considered expeditiously, taking into account the facts and circumstances of the petitioners' case and in accordance with law.

5. Pending applications, if any, are declared disposed of.

Topics: Legal Procedure, Banking Regulation