Authority: Supreme Court of India
Order Date: 29 July 2026 (digitally signed by Jayant Kumar Arora; signature not verified)
Case Overview
- Petitioner(s): M/s Rayan Pharma Limited & Anr.
- Respondent(s): State Bank of India & Ors.
- Origin: Special Leave Petitions (Civil) Diary No. 43666/2023 arising from impugned final judgment and order dated 15‑06‑2023 in WP No. 1373/2018 and WP No. 38438/2017 passed by the High Court of Andhra Pradesh at Amravati.
- Interlocutory Application: IA No. 97087/2024 seeking condonation of delay in refiling/curing defects.
- Hearing Details: Heard on 28‑07‑2026 before Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe. Counsel for petitioners included Mr. Nikhil Goel (Sr. Adv.), Mr. Somanadri Goud Katam (AOR), Mr. Sirajuddin, Mr. Pranav Ponnam, Mr. D. Srinivas, Mr. Kumar Abhishek, Mr. Akash Kakade, Mr. Somanatha Padhan (AOR), Mr. Sanjay Kapur (AOR). Counsel for respondents included Mr. Surya Prakash, Ms. Shubhra Kapur, Ms. Mansi Kapur, Ms. Shristi Kundu.
Observations & Reasoning
1. The Court condoned the delay in refiling/curing the defects as per IA No. 97087/2024.
2. The Court is not inclined to interfere with the impugned orders of the High Court under its jurisdiction under Article 136 of the Constitution of India.
3. The reasons for non‑interference were not elaborated beyond the reference to Article 136.
Final Outcome
- The Special Leave Petitions are dismissed.
- The accompanying interlocutory application(s), if any, are disposed of.
- No further directions or penalties were imposed on either party.
Topics: Judicial Review, Banking, Pharmaceuticals