Indiabulls Asset Reconstruction Company Ltd. v. State Of Maharashtra Through The Learned District Magistrate, Pune And ORS

Diksha Rane 19. WP 10804-24.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 10804 OF 2024 INDIABULLS ASSET RECONSTRUCTION COMPANY LIMITED ..PETITIONER VS.

STATE OF MAHARASHTRA & ORS.

..RESPONDENTS ------------ Adv. Shadab Jan a/w. Adv. Sarwesh Gupta i/b. Adv. Puneet Gogad for petitioner.

Ms. M. S. Srivastava, AGP for respondent nos. 1 to 4 - State. ------------ CORAM :

A. S. CHANDURKAR & RAJESH S. PATIL, JJ DATE :

27th NOVEMBER 2024.

P.C. :

1.

It is informed by the learned counsel for the petitioner that since the borrowers' OTS proposal has now been rejected, there is no legal impediment in taking steps to hand over possession of the secured assets to the petitioner.

2.

The learned Assistant Government Pleader is granted time to take instructions in this regard.

3.

List under the caption "for Directions" on 16th December 2024. [ RAJESH S. PATIL, J. ] [ A.S. CHANDURKAR, J. ] Signed by: Diksha Rane Designation: PS To Honourable Judge Date: 27/11/2024 19:56:33