Srei International Finance Ltd vs Fairgrowth Financial Services Ltd. & ...

The Supreme Court held that the Special Court's rejection of the appellant's application to set aside ex-parte decrees was too rigid, emphasizing that litigants should not be denied a hearing on merits unless gross negligence is shown. The Court found that the appellant had valid reasons for the absence of representation, including a serious accident affecting their counsel. Consequently, the Court set aside both ex-parte decrees and allowed the appellant to contest the cases on merits, provided they deposit a specified amount with the Special Court.