Authority: Supreme Court of India
Order Date: 27-07-2026
Case Overview
- Petitioners: Persis A. Khambatta filed Special Leave Petitions (C)Nos. 24991‑24992/2026 seeking relief against Industrial Investment Bank of India Limited (in voluntary liquidation).
- The petitions challenge the final judgment and order dated 12‑03‑2026 delivered by the Calcutta High Court in APO No. 339/2017 and GA No. 3/2025.
- Counsel for the petitioner were Mr. Pawan Bhushan and Mr. Tushar Bhushan, with AOR Mr. Sushant Rao Bontha; counsel for the respondent included senior advocate Mr. Neeraj Kishan Kaul and a team of advocates.
- The matter was heard before a two‑judge bench comprising Hon’ble Mr. Justice Vikram Nath and Hon’ble Mr. Justice Sandeep Mehta.
Final Outcome
- The Court held that it was not inclined to interfere with the High Court’s judgment and order and consequently dismissed the Special Leave Petitions.
- The Court directed that any pending applications, if any, stand disposed of.
Topics: Bank Liquidation, Supreme Court Decision