Authority: High Court of Judicature at Bombay (Civil Appellate Jurisdiction)
Order Date: 15 October 2026
Case Overview
- Petitioner: Asset Care and Reconstruction Enterprises Limited, a secured creditor.
- Respondents: State of Maharashtra through GP and others.
- The petitioner sought expeditious disposal of miscellaneous applications filed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, pending before the Court of Chief Judicial Magistrate, Mumbai. These applications pertain to substitution of the secured creditor’s name and authorized officer to enable execution of orders.
- Six pending applications (Sr Nos 2‑6) involve banks SMFG, Unity Small Finance Bank Ltd., and ICICI Bank Ltd., with borrowers ranging from individuals to firms. Details (assignor bank, borrower, lodging and filing dates, case numbers, next dates) are listed in the order.
- The Court noted that one application (Sr No 1) has already been decided.
Final Outcome
- The writ petition is disposed.
- The Court directs the Chief Judicial Magistrate, Mumbai, to dispose of the pending miscellaneous applications (Sr Nos 2‑6) on or before their next assigned dates (ranging from 29 Oct 2026 to 5 Nov 2026).
- Any other pending applications in this writ petition are deemed disposed.
Topics: Legal Proceedings, Securitisation Act, Banking