Edelweiss Asset Reconstruction SLP Dismissed by Supreme Court

Authority: Supreme Court of India

Order Date: 28-07-2026

Petition: Special Leave Petition (C) No.23049/2025 filed by Edelweiss Asset Reconstruction Company Limited challenging the High Court of Bombay’s final judgment and order dated 27‑06‑2025 in IA No.2168/2024.
Respondents: Mohan Yeshwant Padawe and others (including owners and developers).
Court composition: Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran.
Counsel for petitioner: Senior Counsel Neeraj Kishan Kaul and team; counsel for respondents: various advocates listed.
The High Court’s order was examined for legal error.

The Supreme Court held that the High Court did not commit any error of law in its impugned order.
The Court directed that any grievance regarding recovery of the financed amount against the developers must be pursued in the appropriate forum as per law.
It noted that SARFAESI and Debt Recovery Tribunal (DRT) proceedings initiated by the petitioner will continue expeditiously on their merits.

The Special Leave Petition stands disposed of.
All pending applications, if any, in the matter are also ordered to be disposed of.

Topics: Asset Reconstruction, Supreme Court Decision, Debt Recovery