Authority: Supreme Court (Special Lok Adalat)
Order Date: 23-08-2026
Case Overview
- Petitioners: Subramanya Rao K. & Anr filed Special Leave Petition (C) No. 899/2025 seeking the return of Rs 3.25 crore deposited with Canara Bank, agreeing to waive any interest on the amount.
- Respondent: Canara Bank, represented by counsel, requested additional time to obtain instructions before deciding on the repayment.
- The matter was heard before Hon’ble Mrs. Justice B.V. Nagarathna, Hon’ble Mr. Justice Sanjeev Sachdeva, and Mr. Singh (Senior Advocate), with petitioners’ counsel Mr. N. Sai Vinod (AOR Ms. Kanu Garg) and respondent’s counsel listed.
- Petitioners’ counsel submitted that no interest would be claimed if the principal amount is returned.
- The order was digitally signed by Justice Neetu Sachdeva on 01-09-2026.
Final Outcome
- The Court recorded the request for time and referred the matter back to the lower court for further instructions, without ordering immediate repayment.
Topics: Banking Dispute, Supreme Court