Authority: High Court of Judicature at Bombay

Order Date: 7 October 2026

Case Overview

  • Parties: Estrella Batteries (appellant) vs Industrial Finance Corporation of India (respondent); counsel for appellant: Devansh Shah on behalf of Nikita Vardhan & Nidhi Pathik, assisted by Kanga And Company; counsel for respondent: A.I. Patel.
  • The appeal challenged the order dated 7 October 2010 in Court Receiver Report No. 149 of 2010 (Misc. Petition No. 553 of 1986) concerning whether court sanction must precede appointment of a valuer or whether higher fees (above Rs 25,000) can be sanctioned after the valuation assignment.
  • The bench noted that the issue had been expressly decided by a Division Bench of the same court in an order dated 3 September 2026 (Court Receiver Report No. 25 of 2025, Writ Petition No. 3661 of 2001, Kuber Mutual Benefits Ltd. vs State of Maharashtra), specifically paragraphs 33‑35.
  • Since the appellant’s counsel chose not to press the issue after the reference, the matter was treated as an appeal against an interim order only.

Final Outcome

  • The appeal is disposed of as the appellant did not press it.
  • All other contentions of both parties are retained for determination by the learned Single Judge of the High Court, who is directed to decide Court Receiver Report No. 149 of 2010 within three months, if possible.

Topics: Legal Dispute, Valuation Fees