Authority: Supreme Court of India
Order Date: 23-06-2026
Case Overview
- Parties: Petitioner Varun Roshan Kohli & Anr (represented by Naresh Narayan Kohli, appearing in‑person) versus Respondent State Bank of India & Ors.
- Origin: Special Leave Petition (Civil) Diary No. 25067/2026 arising from impugned final judgment and order dated 19‑02‑2026 in FMA No. 881/2025 of the Calcutta High Court.
- Applications sought: exemption from filing copy of the impugned judgment, permission to appear and argue in person, and permission to file the petition.
- Court heard counsel and the petitioner at length.
Observations & Directions
- Application for permission to file the petition is allowed.
- The petitioner, Naresh Narayan Kohli, was heard in‑person.
- The Special Leave Petition is disposed, reserving liberty to the petitioner to file an appeal before the Debts Recovery Appellate Tribunal (DRAT) within one month from the order, invoking Section 18 of the SARFAESI Act, 2002.
- If such an appeal is filed within the stipulated period, the issue of limitation shall not be raised by the Appellate Tribunal or the respondents.
- Any application filed under the proviso to Section 18 shall be considered expeditiously, taking into account the facts and circumstances of the case and in accordance with law.
- Pending applications, if any, are stood disposed of.
Final Outcome
- Permission to file the Special Leave Petition is granted.
- The petitioner may appeal to the DRAT within one month, with limitation barred and any related applications to be dealt with swiftly.
- All pending applications are disposed.
Topics: Debt Recovery, SARFAESI Act, Banking Litigation