Authority: High Court of Judicature at Bombay
Order Date: October 06, 2026
Case Overview
- Petition No.8477 of 2025 filed by Encore Assets Reconstruction Company Pvt. Ltd. (secured creditor) against State of Maharashtra and other respondents.
- The petition sought enforcement of earlier directions dated 31 July 2026 concerning physical possession of assets.
- Counsel for respondents, Mr. Pradyumna Agrawal, stated that original borrowers are prepared to pay the outstanding balance and have filed a securitisation application before the Debts Recovery Tribunal (DRT).
- Additional Government Pleader Ms. Shruti D. Vyas confirmed compliance with the July 31, 2026 order and that possession has been handed over to the petitioner.
Final Outcome
- The Court held that all directions have been complied with; consequently, no relief remains and the writ petition is disposed of.
- Any pending applications within the petition are also dismissed.
- The borrowers may approach the DRT with their securitisation offer, and the DRT shall proceed in accordance with law, independent of this Court’s order.
Topics: Court Order, Insolvency, Secured Creditors