Authority: Supreme Court of India
Order Date: 24-07-2026
Case Overview
- Civil Appeal No(s).11052/2025 filed by appellant Ram Kishore Arora against Bank of Maharashtra & others.
- The matter was heard before a bench comprising Hon'ble Chief Justice, Justice Joymalya Bagchi and Justice V. Mohana.
- An Amicus Curiae, Mr. Rajiv Jain, submitted a Fourth Status Report dated 24.07.2026 requesting the consortium of lender‑banks, led by Union Bank of India, to release the agreed amount of Rs 25 crore to Supertech Realtors Private Ltd (SRPL) and to sanction interim finance up to Rs 100 crore.
- The report noted that on 08.06.2026 representatives of the consortium met the Empowered Committee and voluntarily agreed to release Rs 25 crore in five tranches of Rs 5 crore each.
- The banks had not released the funds because they were awaiting a formal order from the Court.
Final Outcome
- The Court directed the consortium of banks to release Rs 25 crore to SRPL at this stage.
- The release must be effected within one week of the order.
- The Court also permitted the sanctioning of interim financing up to Rs 100 crore for SRPL.
- Notices were issued to the CBI, the Serious Fraud Investigation Officer (SFIO) and the Directorate of Enforcement to provide certain documents on a date to be fixed.
- The matter is posted for further consideration on 11.08.2026.
Topics: Banking, Real Estate Financing