# Kotak Mahindra Bank Limited vs. Technology Development Board & Ors.

> SC judgment dated 2025-01-24. Citation: TCN-2025-SC-00057. Civil Appeal No. 2359/2021 involves Kotak Mahindra Bank Limited as the appellant and Technology…

- **Court:** SC
- **Order date:** 24 Jan 2025
- **Citation:** TCN-2025-SC-00057
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/kotak-mahindra-bank-limited-vs-technology-development-board-ors-25df29ba

## Summary

### Background

Civil Appeal No. 2359/2021 involves Kotak Mahindra Bank Limited as the appellant and Technology Development Board & Ors. as the respondents. The case includes C.A. No. 2206/2021 (XVII) for condonation of delay in filing spare copies, along with IA No. 245725/2024, also concerning condonation of delay in filing spare copies. The appeal was called for hearing on January 24, 2025.

## Facts

Kotak Mahindra Bank Limited filed a civil appeal (No. 2359/2021) against Technology Development Board & Ors. The appeal includes a matter regarding the condonation of delay in filing spare copies (C.A. No. 2206/2021 and IA No. 245725/2024). On January 24, 2025, the case was called for hearing. Respondent no.1 has filed a counter affidavit, and Respondent no.2 is represented. Respondent no.3 has not entered an appearance despite service being complete. The registrar is processing the matter for listing before the court.

## Issues and analysis

### Issue 1: Whether the delay in filing the …

**Ratio:** The legal principle is that courts have the discretion to condone delays if sufficient

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**Reasoning:** The court is considering the condonation of delay based on the submissions and filings

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**Interpretation:** The interpretation of 'sufficient cause' depends on the specific facts and

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**Application:** The court will apply the principle of 'sufficient cause' to the facts presented

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## Parties

- **Judges:** Sujata…
- **Appellants:** Kotak Mahindra…
- **Respondents:** TECHNOLOGY…
- **Advocates:** Anand V…; Adyasha…; +4 more

## Timeline

- **2021-01-01 — Civil Appea…**: Civil Appeal No.…
- **2025-01-24 — Hearing…**: The appeal was called for hearing. Respondent no.1 has already filed counter affidavit.…

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