Authority: Supreme Court of India
Order Date: 17 October 2026
Case Overview
- Petition: V. Balakrishnan vs. State represented by Deputy Superintendent of Police & others, Criminal Appeal No. 2460/2026, Miscellaneous Application No. 2878/2026.
- The Court previously directed the Branch Manager of Indian Bank to report how sale proceeds of mortgaged properties, subject of a CBI investigation and trial, were adjusted to the loan accounts.
- It was observed that the loan accounts were held in the names of C. Shanthammal and D. Raju, that proceeds from one property sale were adjusted to a different loan account, and that outstanding balances were not quantified.
- The order seeks clarification on the exact loans, mortgaged properties, title holders, guarantors, amounts due at the time of sale, and the outstanding dues after adjustment of auction proceeds.
Final Outcome
- The Branch Manager of Indian Bank is directed to file an affidavit within four weeks, detailing:
- Loans availed by C. Shanthammal and D. Raju,
- Titles of properties mortgaged and their guarantors,
- Statement of account showing amounts due as of the sale date for each property,
- Outstanding dues after adjustment of auction proceeds, if any.
- The matter is listed for further hearing on 19 November 2026.
Topics: Banking, Legal Proceedings