Authority: Supreme Court of India (Division Bench: Hon'ble Mr. Justice Dipankar Datta, Hon'ble Mr. Justice Sheel Nagu)
Order Date: 13-08-2026
Case Overview
- Petitioners: Suresh Nathalal Dodia & Anr.; Respondents: Punjab National Bank & Ors.
- The petition challenges the Bombay High Court order dated 07-08-2026 directing possession of a secured asset to PNB under Section 14 of the SARFAESI Act.
- Petitioners argue the order was obtained before the pending application under Section 17 of the SARFAESI Act before the Debts Recovery Tribunal (DRT) was decided, causing prejudice.
- No stay had been granted by the DRT on the Section 17 application.
- PNB sought police assistance to implement the possession order.
Final Outcome
- The Supreme Court found no reason to interfere with the High Court judgment and dismissed the Special Leave Petition.
- It clarified that the DRT application under Section 17 must be decided on its own merits, independent of the possession order.
- Any pending applications before the DRT shall be disposed of.
Topics: Legal Judgment, Banking Regulation, SARFAESI Act