Authority: Supreme Court of India
Order Date: 29-07-2026
Case Overview
- Parties: Hoysala Projects Private Limited (Petitioner) vs Prasanth B & Ors (Respondents).
- Origin: Special Leave Petitions (C) Nos. 24127‑24132/2026 arising from impugned final judgment and order dated 02‑06‑2026 in WA Nos. 1058/2026, 1059/2026, 1060/2026, 1063/2026, 1064/2026, 1076/2026 passed by the High Court of Kerala at Ernakulam.
- Hearing date: 27‑07‑2026 before a bench comprising Chief Justice, Justice Joymalya Bagchi and Justice V. Mohana.
- Counsel: For petitioner – Sr. Adv. Neeraj Kishan Kaul, AOR; Ms. Meera Mathur, AOR. For respondents – Sr. Adv. V. Chitambaresh, Sr. Adv. K. Shaj, and others.
Order Details
- The direction issued by the Division Bench regarding the Benchmark Prime Lending Rate (BPLR) is upheld.
- The petitioner must deposit the amount before the Appellate Tribunal at the rate fixed by the Division Bench within four weeks of this order.
- Observations made by the Division Bench that touch upon the merits of the case are set aside and shall have no bearing on the pending dispute.
- The Special Leave Petitions are disposed of.
- All pending applications, if any, are also disposed of.
Final Outcome
- The Supreme Court dismisses the SLPs, confirms the BPLR deposit requirement, nullifies the Division Bench’s merit observations, and closes all related applications.
Topics: Benchmark Prime Lending Rate, Supreme Court Order