Authority: Supreme Court of India
Order Date: 24 September 2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 7904/2021, arising from the impugned final judgment dated 11‑02‑2020 in APO No. 80/2018 of the Calcutta High Court, filed by M/S SPML INFRA LIMITED (formerly SUBHASH PROJECTS AND MARKETING LIMITED) and another petitioner against THE CHIEF MANAGER CANARA BANK & ORS.
- The application (IA No. 69929/2021) sought permission to file additional documents, facts, and annexures. The matter was listed for hearing on 22‑09‑2026 before a two‑judge bench comprising Hon’ble Mr. Justice K.V. Viswanathan and Hon’ble Mr. Justice Arun Palli.
- Counsel for the petitioners were Mr. Udayaditya Banerjee, Mr. Samrat Sengupta, Mr. Siddhant Jaiswal, and Mr. Soumya Dutta (AOR). Respondent counsel included Mr. Kunal Verma (AOR), Mrs. Yugandhara Pawar Jha, and a team of advocates representing Canara Bank and SEBI (respondent No. 4).
Order
1. The Court noted that respondent No. 4 – SEBI – submitted a request for one more opportunity to file a counter‑affidavit.
2. The time prayed for by SEBI was granted.
3. The matter was ordered to be listed for further hearing on 01 December 2026.
Digitally signed by RAJNI MUKHI, Assistant Registrar‑cum‑PS Court Master (NSH) on 24‑09‑2026 at 17:07:15 IST (Signature not verified).
Final Outcome
- SEBI is permitted an additional chance to file its counter‑affidavit, and the case will be heard again on 1 December 2026.
Topics: Legal Proceedings, Banking Dispute, Securities Regulation