Authority: High Court of Judicature at Bombay
Order Date: 28 August 2026
Case Overview
- Petitioner: Union Bank of India (secured creditor) represented by Ms. Priyam Amin, Advocate, assisted by N. N. Amin & Co.
- Respondents: State of Maharashtra and others; additionally Respondent Nos.6 and 7 represented by Mr. Vivek Phadke.
- The Court Commissioner submitted a written report confirming compliance with the directions of the order dated 12‑08‑2026.
- The petitioner’s counsel affirmed the compliance, indicating no further matters remained in the petition.
- Respondent Nos.6 and 7 informed the Court that they have filed a securitisation application before the Debt Recovery Tribunal (DRT) and requested the Court to note that the DRT will decide the application on its merits.
Final Outcome
- The writ petition (No.2327 of 2026) is disposed of; any pending applications, if any, stand disposed.
- The DRT will independently and expeditiously decide the securitisation application filed by Respondent Nos.6 and 7.
- The petitioner bank is directed to pay the Court Commissioner’s charges within one week from the order date.
Topics: Court Order, Banking Litigation, Securitisation