M/S HAMARA PUMP RAHMAN RAINAPUR vs STATE BANK OF INDIA — SLP(C) No. 12878 - 12879/2026

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 I-B. Status: Disposed.

Disposed

CNR: SCIN010184212026

Filing Date

25-Mar-2026

Registration No

SLP(C) No. 12878 - 12879/2026

Diary Number

18421/2026

Order Date

07-Apr-2026

Document Type

ROP - of Main Case

Disposal Type

Delay Condoned and matter dismissed(including all pending Ias)

Last updated 20-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 I-B

Petitioner(s)

  1. 1.M/S HAMARA PUMP RAHMAN RAINAPUR

    Adv. MPS LEGAL

Respondent(s)

  1. 1.STATE BANK OF INDIA

Case History

  1. Case disposedDisposed

  2. 07-Apr-2026

    ROP - of Main CaseView PDF

  3. 07-Apr-2026

    Mention Memo

    Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Vipul M. Pancholi

  4. 25-Mar-2026

    Case filed

    Registration No. SLP(C) No. 12878 - 12879/2026

View Full Judgment
casestatus.in Summary

Case Summary: The Supreme Court dismissed M/S Hamara Pump Rahman Rainapur's Special Leave Petitions challenging the High Court's order directing police assistance for possession of assets sold in an auction conducted by State Bank of India under the Securitisation Act, 2002. Though the Court acknowledged that Petitioner No.1 was not served notice despite being a respondent, it found this procedurally deficient issue immaterial given the completed auction process and dismissed Section 17 application by the Debts Recovery Tribunal. The Court clarified that if the petitioners' appeal before the DRAT is restored, they may raise all substantive challenges to the secured creditor's enforcement actions and asset sale, with the DRAT empowered to grant relief if Section 17(3) satisfaction conditions are met. This case analysis is maintained by casestatus.in based on publicly available court records.

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