Om Sai Decoplast Withdraws Petition; DRT Expedited

Authority: High Court of Judicature at Bombay (Civil Appellate Jurisdiction)

Order Date: 24 August 2026

Case Overview

• Petitioners: M/s. Om Sai Decoplast Pvt. Ltd., represented by Director Anil Krishnaji Naik.
• Respondent: Pegasus Asset Reconstruction Pvt. Ltd.
• Petition filed as Writ Petition No.10684 of 2026 seeking relief against the respondent.
• During hearing, petitioners, on counsel’s instruction, requested withdrawal to pursue remedies before the Debt Recovery Tribunal (DRT) in Securitisation Application No.144 of 2026.

Final Outcome

• The writ petition is disposed of as withdrawn, granting petitioners liberty to approach the DRT.
• The Court directs the DRT to expeditiously dispose of Securitisation Application No.144 of 2026.

Topics: Legal Proceedings, Debt Recovery