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

Order Date: 19 October 2026

Case Overview

  • Petitioner: M/s. Shilpi Constructions, represented by proprietor Gaddigaiah R. Kurudimath.
  • Respondents: Indian Bank, represented by its Authorized Officer.
  • The petition seeks a limited direction to the Debt Recovery Tribunal‑I, Mumbai (DRT‑I) to hear and finally decide Securitisation Application No. 50 of 2020 filed by the petitioner, and to do so within 60 days of the Court’s order.
  • The application has been pending for six years because the DRT, occupied with other expedited matters, has not taken up the case.
  • The Court, noting that expeditious disposal benefits all parties, dispensed with issuing notice to the respondents.

Order

  • The Court directs DRT‑I, Mumbai, to consider and dispose of the pending Securitisation Application No. 50 of 2020 as expeditiously as possible, preferably on or before 31 January 2027.
  • Any other pending applications before the DRT are also deemed disposed of.
  • The petition is disposed of; no notice to the respondents is required.

Final Outcome

  • DRT‑I is mandated to render a decision on the securitisation application by the stipulated deadline, effectively ending a six‑year delay.
  • The petitioner’s request for a limited direction is granted, and the writ petition is dismissed.

Topics: Banking Regulation, Securitisation, Court Order