Authority: Supreme Court of India
Order Date: 22-08-2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 28200/2026 filed by UCO Bank against M/s Tirupati Storage and Alliance Pvt. Ltd. and others, arising from the impugned final judgment and order dated 16-04-2026 in LPA No. 1093/2024 of the Patna High Court.
- The petition challenges the High Court order and also concerns pending proceedings before the Debts Recovery Appellate Tribunal (DRAT) in Regular Appeal No. R-99 of 2014.
- The bench comprised Hon’ble Mr. Justice Pamidighantam Sri Narasimha and Hon’ble Mr. Justice Alok Aradhe.
Order Details
1. The Court directed that a notice be issued, returnable on 25-09-2026.
2. Ms. Tushita Ghosh, the authorized officer of record (AOR) for the respondents, accepted the notice on their behalf and waived service of a formal notice.
3. The operation of the impugned order dated 16-04-2026 and all further proceedings before the DRAT in Regular Appeal No. R-99 of 2014 shall remain stayed pending disposal of the Special Leave Petition.
Final Outcome
- The Supreme Court stayed the operative effect of the High Court’s order and the DRAT proceedings, while ordering issuance of a notice to be returned by 25 September 2026, effectively pausing the dispute until the SLP is decided.
Topics: Banking, Debt Recovery