Bell Finvest(India) Ltd v. Canbank Factors Limited (Subsidiary Of Canara Bank)

1/2 51-IA-901-2025 (OS).DOC

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION NO. 901 OF 2025 IN COMPANY PETITION NO. 90 OF 2011 Bell Finvest(India) Ltd ...Applicant

Versus

Canbank Factors Limited (Subsidiary Of Canara Bank)

...Respondent

_______ Mr. Vinit J. Mehta, for the Applicant.

Mr. Rushabh Sheth, for the Official Liquidator. Mr. Satyajit Roul, Official Liquidator, present. Mr. Chetan Shelke, Dy. Official Liquidator, present. _______

CORAM

: ARIF S. DOCTOR, J.

th FEBRUARY 2026 DATE : 13 P.C.

1.

This is an application seeking leave of this Court under Section 446 of the Companies Act, 1956 to proceed with Suit No.3889 of 2010, which is pending before the City Civil and Sessions Court, Mumbai. 2.

Mr. Sheth, learned counsel for the Official Liquidator submits that the Official Liquidator would not have any opposition to this Interim Application being allowed. However, the Applicant would have to put the Official Liquidator in funds to prosecute the Suit. He submits that initially a deposit of Rs.1,00,000/- may be made and in the event further funds are required, the same would be intimated to the Applicant by way of a letter on the Applicant's undertaking to make payment of the same.

Vaibhav

2/2 51-IA-901-2025 (OS).DOC 3.

Learned counsel for the Applicant submits that he would take instructions in this regard.

th February 2026 for direction.

4.

Stand over to 16 [ARIF S. DOCTOR, J.] Vaibhav