HOTEL SHAMBALA (P) LTD vs WEST BENGAL FINANCE CORPORATION — SLP(C) No. 11995 - 11996/2026

Case under Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Debt Recovery by Banks, Financial Institutions, Cooperative Banks and Negotiable Instruments [Other Than Criminal Prosecution] Section XVI. Status: Pending.

Pending

CNR: SCIN010146842026

Filing Date

10-Mar-2026

Registration No

SLP(C) No. 11995 - 11996/2026

Diary Number

14684/2026

Order Date

10-Apr-2026

Document Type

ROP - of Main Case

Last updated 16-Jun-2026

Acts & Sections

Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution] Section XVI

Petitioner(s)

  1. 1.HOTEL SHAMBALA (P) LTD

    Adv. SHEKHAR KUMAR

Respondent(s)

  1. 1.WEST BENGAL FINANCE CORPORATION

    Adv. SUBHASISH BHOWMICK[caveat] [caveat]

Case History

  1. 10-Apr-2026

    ROP - of Main CaseView PDF

  2. 10-Apr-2026

    Fresh(Special)

    Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K.V. Viswanathan

  3. 10-Mar-2026

    Case filed

    Registration No. SLP(C) No. 11995 - 11996/2026

View Full Judgment
casestatus.in Summary

Case Summary: Hotel Shambala (P) Ltd v. West Bengal Finance Corporation Outcome: The Supreme Court allowed the exemption application and directed the parties to pursue mediation. Justice Bhaskar Bhattacharya (former Chief Justice of Gujarat High Court) was appointed as mediator to resolve the dispute. Key Facts: Hotel Shambala borrowed ₹40 lakh in 1995 for hotel construction with an 8-year repayment term. The petitioner claims to have paid ₹1.5 crore with interest, but the Corporation's current demand is ₹87 crore. The property was auctioned for ₹2.68 crore despite the petitioner still claiming possession and operating the hotel. Next Steps: The auction purchaser must join mediation proceedings. The matter will be relisted immediately upon receipt of the mediator's report. This case analysis is maintained by casestatus.in based on publicly available court records.

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