INDUS MECHANICAL ENG. CO. PVT. LTD. vs UNION BANK OF INDIA — SLP(C) No. 17077 - 17080/2026
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: DISPOSED.
CNR: SCIN010281042026
Filing Date
07-May-2026
Registration No
SLP(C) No. 17077 - 17080/2026
Diary Number
28104/2026
Order Date
18-May-2026
Document Type
ROP - of Main Case
Disposal Type
Disposed Off
Data as of 29-Jun-2026
Acts & Sections
Petitioner(s)
INDUS MECHANICAL ENG. CO. PVT. LTD.
Adv. NAMAN TANDON
Respondent(s)
UNION BANK OF INDIA
Adv. O. P. GAGGAR [caveat] NISARG CHOUDHARY[caveat] [caveat] [caveat] [caveat]
Hearing History
Judge: HON'BLE MR. JUSTICE DIPANKAR DATTA and HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA
FRESH
| Date | Purpose |
|---|---|
| 18-May-2026 | FRESH |
Common Record of Proceedings — heard with connected matters
Lead case: SLP(C) No. 18314 - 18317/2026
Summary: The Supreme Court allowed the special leave petitions and disposed of the case, directing the Debts Recovery Tribunal (DRT) to expeditiously consider and decide de novo the Section 17 SARFAESI Act application filed by the borrower. The Court recorded Mrs. Uppal's undertaking that she will not encumber, alienate, or dispose of the disputed property without DRT's leave and will timely pay instalments on her mortgage with Punjab National Bank. This case analysis is maintained by casestatus.in based on publicly available court records.
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