Authority: Supreme Court of India
Order Date: 16-10-2026
Case Overview
- Petitioner: M/s Tamilnad Mercantile Bank Limited
- Respondents: M/s Authum Investment and Infrastructure Limited & Ors.
- Petition Type: Transfer Petition (Civil) No. 2984/2026 filed for admission (IA No. 304037/2026 – ex-parte stay).
- Hearing: Conducted on 16‑Oct‑2026 before Hon'ble Mrs. Justice Sunita Agarwal.
- Counsel for Petitioner: K J John & Co., AOR Mr. Amarjit Singh Bedi, Adv. Ms. Surekha Raman, Adv. Mr. Shreyash Kumar, Adv. Mr. Sidharth Nair, Adv. Mr. Harshit Singh, Adv. Mr. Yashwant Sanjenbam.
- Counsel for Respondents: Not listed.
Order Details
1. Notice Issuance: The Court ordered that a notice be issued in the petition, with the response to be filed within five weeks from the date of issuance.
2. Stay of NCLT Proceedings: The Court directed a stay on any further proceedings in Company Petition CP (CA) No. 43/2025, titled "Authum Investment and Infrastructure Limited vs. Tamilnad Mercantile Bank Limited & Ors," which is pending before the National Company Law Tribunal, Chennai.
3. Tagging of Matter: The petition was to be tagged together with Transfer Petition (C) Nos. 313‑316 of 2026 for coordinated handling.
4. Court Administration: The order was recorded by the Court Master (SH) Branch Officer, identified as Sachin and Jayant Raj Katyal.
Final Outcome
- The Supreme Court granted an interim stay on the NCLT proceedings, mandated issuance of a notice with a five‑week return period, and linked the case with related transfer petitions for joint consideration.
Topics: Court Order, Banking Dispute