Authority: High Court of Judicature at Bombay, Civil Appellate Jurisdiction
Order Date: 23 September 2026
Case Overview
- Petitioner: Bajaj Housing Finance Ltd (secured creditor).
- Respondents: State of Maharashtra, through its General Power and Anr.
- Counsel: Sanjay Anabhawane for the petitioner; P.M.J. Deshpande, AGP, for the State.
- The petition sought a limited direction for hearing and disposal of a pending application under Section 14 of the SARFAESI Act, filed before the Chief Metropolitan Magistrate, Mumbai, on 8 June 2026 (Securitisation Case No. 553 of 2026).
- The petition relied on the precedent set in L & T Finance Limited vs. State of Maharashtra (2023 SCC Online Bom (931)), wherein the court held that applications under Section 14 must be disposed of within 30 days of filing.
- The petitioner argued that the 30‑day deadline had been breached, as the application remained pending for over three months.
Final Outcome
- The writ petition is disposed of.
- The Court directs the Chief Metropolitan Magistrate, Mumbai, to take up the pending Section 14 application (Securitisation Case No. 553 of 2026) and dispose of it within four weeks from the date of this order.
- Any other pending applications by the petitioner under the SARFAESI Act are also deemed disposed of.
Topics: SARFAESI Act, Secured Creditors, Judicial Direction