Authority: Supreme Court of India

Order Date: 28-09-2026

Case Overview

  • Petitioners: TrianZ Holdings Private Limited & Ors.
  • Respondents: P. Muralidhar & Ors.
  • Origin: Impugned final judgment and order dated 28-04-2026 of the High Court of Karnataka (RFA No. 1052/2013).
  • Petition filed as Special Leave Petition (Civil) Diary No.50220/2026; condonation of delay sought (IA No. 276476/2026).
  • Counsel for petitioners: Senior Counsel Chander Uday Singh and team; counsel for respondents: Senior Counsel Dama Seshadri Naidu and team.
  • Issues addressed: (1) Condonation of delay in filing the SLP; (2) Stay of the decree; (3) Requirement for petitioners to deposit Rs 4 crore.

Observations & Directions

1. The Court condoned the delay in filing the Special Leave Petition.

2. An order to issue a notice, returnable on 27-10-2026, was made.

3. Respondent’s AOR, Mr. Shibashash Misra, accepted and waived formal notice on behalf of Respondent No.1.

4. The decree shall remain stayed from execution, subject to the petitioners depositing the principal amount of Rs 4 crore with the Registry within one week from the order date.

5. Upon deposit, the Registry shall invest the amount in a fixed deposit on a short‑term basis for an initial period of three months with any Nationalised Bank that offers the maximum rate of interest, with an auto‑renewal facility.

Final Outcome

  • Delay in filing the SLP is condoned.
  • The decree is stayed pending the deposit of Rs 4 crore by the petitioners.
  • Notice to be returned by 27‑Oct‑2026; respondent’s counsel waived formal notice.
  • Deposit to be placed in a fixed deposit for three months at the highest available interest rate.

Topics: Special Leave Petition, Court Order, Deposit Condition