Authority: Supreme Court of India
Order Date: 12-10-2026
Case Overview
- Petitioner: Rashid Ahmed Sirajulhaq Siddiqui
- Respondent: PNB Housing Finance Ltd & another
- Special Leave Petition (Civil) Diary No. 57722/2026 arising from impugned final judgment dated 24-04-2026 of Debt Recovery Tribunal‑I, Mumbai (TSA No.8/2024, RAD No.991/2026)
- Hearing held on 12 Oct 2026 before a two‑judge bench of Justices J.B. Pardiwala and K. Vinod Chandran
- Counsel for petitioner: Mr. Rishikesh Soni, Ms. Raveena Yadav, Mr. Shishir Deshpande‑1958, AOR Mr. Nilakanta Nayak, Mr. Amit Yadav; counsel for respondent not listed
Order
1. Delay in filing of the petition is condoned.
2. Notice to be issued, returnable on 29‑10‑2026.
3. Dasti service of process is permitted.
4. Any auction contemplated by the bank shall not be finalized pending further proceedings.
Final Outcome
The Supreme Court has allowed the petition to proceed despite the delay, mandated procedural steps, and stayed the finalization of the bank’s auction, thereby preserving the status quo until the matter is fully adjudicated.
Topics: Legal; Banking