SC Bench sets aside SLP against Telangana High Court judgment on Margadarsi Financiers

SC Bench sets aside SLP against Telangana High Court judgment on Margadarsi Financiers Published – August 20, 2026 10: 26 pm IST – HYDERABAD.

What happened

In practice, a Supreme Court Bench has dismissed a Special Leave Petition (SLP) filed against the Telangana High Court judgment, setting aside the criminal case registered against Margadarsi Financiers.

In practice, the Bench comprising Justice M.M. Sundaresh and Justice Prasanna Varale dismissed the SLP filed by Vundavalli Arun Kumar against the High Court judgment, Margadarsi Financiers (MF) remarked in a press note. The Supreme Court additionally questioned the locus standi of Mr. Kumar to file the petition. Notably, the senior counsel appearing on behalf of Margadarsi Financiers had submitted that more than ₹2, 591 crore was already refunded to depositors of MF. Moreover, an amount of ₹5.23 crore remains safely secured and held in an Escrow account in case any other depositor comes forward for payment, it remarked.

The bottom line

For now, SC Bench sets aside SLP against Telangana High Court judgment on Margadarsi remains the part of the story worth watching, and further updates are likely as more details are confirmed.