M/S Shiv Shankar Rice Mills & Anr vs State Bank Of Patiala & Ors

The Supreme Court granted leave and held that the Delhi High Court erred in vacating the stay order while admitting the writ petition, given that the appellants had deposited Rs. 1,60,00,000 as per prior orders. The Court emphasized the need to protect the appellants' possession of the premises, which are both residential and commercial, and directed the High Court to expedite the hearing of the writ petition within three months. The Court did not address the merits of the case, leaving that to the High Court.