M/S. Kedia Brothers v. Tamilnad Mercantile Bank Ltd. And ANR

903.WP-14946-2025.doc Ajay Jadhav Digitally signed by JYOTI PRAKASH PAWAR Date:

2025.11.07 18:30:37 +0530

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

JYOTI PRAKASH PAWAR CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 14946 OF 2025 M/s. Kedia Brothers ... Petitioner V/s.

Tamilnad Mercantile Bank Ltd. & Anr.

... Respondents _______________________________________ Mr. Mandar Soman a/w Mr. Nilesh N. Mule i/b. Mr. Vivek V. Phadke for Petitioner Mr. Pratish Prabhakaran a/w Mr. Farzana Murray for Respondent No. 1. Mr. Nishant Chothani i/b. Mr. Aditya Manjrekar for Respondent No. 2. _______________________________________ CORAM : R.I. CHAGLA AND FARHAN P. DUBASH, JJ.

DATE : 7TH NOVEMBER 2025 P. C. :

1.

By the Vacation Court order dated 31st October 2025, the Respondent - Bank was directed not to take physical possession of the property / secured asset and if at all, the possession is taken, keys of the secured asset were to be deposited in this Court on 3rd November 2025. Pursuant thereto, the keys have been deposited in this Court by the Respondent - Bank.

2.

Mr. Soman, learned Counsel appearing for the Petitioner has sought leave to amend the Writ Petition by placing on record the impugned 1/2

903.WP-14946-2025.doc Ajay Jadhav Order dated 30th October 2025 passed by the Debts Recovery Appellate Tribunal (DRAT).

3.

Leave is granted.

4.

The Petitioner shall carry out amendment in the Petition which includes consequential prayer of the Writ Petition for bringing on record the order dated 30th October 2025 passed by the DRAT within a period of one week from today.

5.

Re-verification is dispensed with.

6.

Respondents shall file their Affidavit-in-reply to the Petition within a period of two weeks from today. The Petitioner is at liberty to file re-joinder within a period of one week thereafter. 7.

Place the Writ Petition for consideration on 1st December 2025. ( FARHAN P. DUBASH, J. ) ( R.I. CHAGLA J. ) 2/2