Kotak Mahindra Bank Ltd. v. The State Of Maharashtra Through District Magistrate, Palghar

Yadav V.G. 1 29.wp.8096.16.odt.

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 8096 OF 2016 Kotak Mahindra Bank Ltd. .... Petitioner

Versus

The State of Maharashtra .... Respondent • Mr. Rohan Kadam a/w Mr. Nikhil Rajani i/b. M/s. V. Deshpande & Co. for Petitioner.

• Mr. C.P.Yadav, AGP for Respondent No.1.

CORAM

:

ANOOP V. MOHTA AND A. S. GADKARI, JJ.

DATE :

23 NOVEMBER 2016.

ORDER

.

Heard learned Counsel appearing for Petitioner. We are inclined to dispose of the present Writ Petition. Though the application under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act filed by the Petitioner-Bank is disposed of, however, no further steps are taken to implement the same. It is required in view of the provisions of SARFAESI Act and specifically to the

Yadav V.G. 2 29.wp.8096.16.odt. amended provisions of the SARFAESI Act. Therefore, we are inclined to direct the District Magistrate to take steps in accordance with law keeping in mind the scope and purpose of this Act and the provisions so amended, without any further delay. The Writ Petition is disposed of accordingly. No costs. (A. S. GADKARI, J.) (ANOOP V. MOHTA, J.)