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

Order Date: 10 September 2026

Case Overview

  • Petitioner: Standard Chartered Bank (secured creditor), represented by Mr. Shadab Siddiqui, instructed by Mr. R. L. Motwani.
  • Respondents: State of Maharashtra & Others, represented by Mrs. Tanu N. Bhatia, AGP.
  • Writ Petition: No. 10413 of 2026 filed in the High Court of Bombay seeking relief (specific relief not detailed in the order).
  • Grounds for Withdrawal: The petitioner obtained physical possession of the subject property pursuant to an order passed by the Competent Magistrate under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
  • Court Observation: The learned counsel for the petitioner requested permission to withdraw the writ petition in view of the possession obtained.

Final Outcome

  • The writ petition is disposed of as withdrawn.
  • Any pending applications, if any, also stand disposed of.
  • The order was pronounced by Justices Shreeram V. Shirsat and Manish Pitale.

Topics: Banking, Legal Proceedings