Authority: Supreme Court of India
Order Date: 25-06-2026
Case Overview
- Petition: Nalam Ashok filed Special Leave Petition (Civil) Diary No.35214/2026 arising from impugned judgment dated 16-02-2026 in CRP No.2034/2025 of the High Court, Telangana.
- Respondent: M/S Margadarshi Chit Fund Pvt. Ltd.
- The petition sought condonation of delay in filing IA No.181490/2026 and exemption from filing counter‑claim to the impugned judgment.
- Bench: Hon’ble Mrs. Justice B.V. Nagarathna and Hon’ble Mr. Justice Joymalya Bagchi (Partial Court Working Days Bench).
- Counsel for petitioner: Dr. Alakh Alok Srivastava, AOR Mr. Arpit Dangi; no counsel listed for respondent.
Order Details
- The Court condoned the delay in filing IA No.181490/2026.
- Issued a stay of further proceedings in E.P. No.32/2024 pending before the Senior Civil Judge, Adilabad, Telangana.
- Directed petitioner to pay Rs.5,00,000 to the respondent within three weeks from the date of the order.
- Stipulated that failure to comply will automatically vacate the interim order.
Final Outcome
- Delay condoned, stay granted, and a monetary payment of Rs.5 lakh imposed on petitioner, with automatic vacating of the interim order upon non‑compliance.
Topics: Legal Order, Chit Fund Dispute