VIJAY PRASADE vs IIFL HOME FINANCE LTD. — SLP(C) No. 14976/2026

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 IX. Status: Pending.

Pending

CNR: SCIN010241832026

Filing Date

21-Apr-2026

Registration No

SLP(C) No. 14976/2026

Diary Number

24183/2026

Order Date

29-May-2026

Document Type

ROP - of Main Case

Last updated 26-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 IX

Petitioner(s)

  1. 1.VIJAY PRASADE

    Adv. VISHESH VIJAY KALRA

Respondent(s)

  1. 1.IIFL HOME FINANCE LTD.

    Adv. AADITYA ANIRUDDHA PANDE[R-4] AADITYA ANIRUDDHA PANDE[R-5] NISHANT AWANA[R-1] AADITYA ANIRUDDHA PANDE[R-2]

Case History

  1. 29-May-2026

    ROP - of Main CaseView PDF

  2. 29-May-2026

    Fixed Date by Court

    Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice S.V.N. Bhatti

  3. 27-May-2026

    ROP - of Main CaseView PDF

  4. 27-May-2026

    Fixed Date by Court

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

  5. 25-May-2026

    Fixed Date by Court

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

  6. 04-May-2026

    Fixed Date by Court

    Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice Vijay Bishnoi

  7. 27-Apr-2026

    First hearing

    Initial hearing scheduled

  8. 21-Apr-2026

    Case filed

    Registration No. SLP(C) No. 14976/2026

View Full Judgment
casestatus.in Summary

Case Summary: SLP(C) No. 14976/2026 – Vijay Prasade v. IIFL Home Finance Ltd. Petitioner Vijay Prasade challenged a High Court order directing IIFL Home Finance to take possession of mortgaged property on April 24, 2026, if the loan account wasn't settled by April 21, 2026. The Supreme Court called for financial details: IIFL confirmed Rs. 3,58,77,123.58 remains outstanding across five active accounts; the petitioner's settlement offer of Rs. 90,00,000 was rejected, though IIFL's email indicated willingness to negotiate at Rs. 1.80 crore. The Court directed IIFL's officer to seek management approval for settling at Rs. 1.80 crore and adjourned the matter to May 25, 2026, for the respondent's response. This case analysis is maintained by casestatus.in based on publicly available court records.

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