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

> SC judgment dated 2025-05-22. Citation: TCN-2025-SC-00013. The case pertains to Civil Appeal No(s). 2359/2021, with C.A. No. 1424/2025 also listed. The appeal…

- **Court:** SC
- **Order date:** 22 May 2025
- **Citation:** TCN-2025-SC-00013
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/kotak-mahindra-bank-limited-vs-technology-development-board-ors-9d714ca5

## Summary

### Background

The case pertains to Civil Appeal No(s). 2359/2021, with C.A. No. 1424/2025 also listed. The appeal was called for hearing on 2025-05-22 before the Registrar Ms. Sujata Singh. The respondents sought time to file a counter affidavit.

## Facts

Civil Appeal No(s). 2359/2021 was listed along with C.A. No. 1424/2025. The appellant is Kotak Mahindra Bank Limited, and the respondents are Technology Development Board & Ors. On 2025-05-22, the appeal was called for hearing before the Registrar Ms. Sujata Singh. The respondents requested time to file a counter affidavit, which was granted by the court. The registry was instructed to process the matter for listing before the appropriate court.

## Issues and analysis

### Issue 1: Whether the respondents should be …

**Ratio:** The court has the discretion to grant time

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**Reasoning:** The respondents requested time to file a counter affidavit, and the court found it

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**Interpretation:** The court's decision reflects the principle of providing parties with a fair

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**Application:** The court applied its discretion to grant the respondents time to file a

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## Parties

- **Judges:** Sujata…
- **Appellants:** Kotak Mahindra…
- **Respondents:** TECHNOLOGY…

## Timeline

- **2025-05-22 — Appeal He…**: The appeal was called on for hearing. The respondents sought time to file a counter…

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