Powertech Tools Private Limited, Applicant v. Anant V. Hegde And ANR.

7-NMIS 2-25 in INPT 71-06.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

IN ITS INSOLVENCY JURISDICTION NOTICE OF MOTION NO.2 OF 2025 IN INSOLVENCY PETITION NO.71 OF 2006 Powertech Tools Private Ltd.

...Applicant Vs.

Anant V. Hegde and Ors.

...Respondents

Mr.Y.S. Bhate a/w Mr.Anil P. Bagwe, Advocate for the Insolvents in NMIS-2-2025.

Mr.Farhan Dubash a/w Ms.Dipali Sheth, Mr.Shubham Mehta, Mr.Mohil Mudaliar and Ms. Pallavi Pukale i/b Eternity Legal, Advocate for the Applicant-Powertech Tools Private Limited in NMIS-2-2025. Mr.A.R. Bamne i/b M/s. A.R. Bamne & Co., Advocate for the Respondent No.3 - BOB in NMIS-2-2025.

Mr. Anil Dsouza for Respondent No.4.

Ms. C.J. Bhatt, Official Assignee with Mr. D.B. Iswalkar, 1st Assistant Official Assignee, present.

Ms. Rekha Rane, Insolvency Registrar, present

CORAM

:

ABHAY AHUJA, J.

DATE :

1st APRIL 2025 P.C. :

1.

Pursuant to the order dated 4th March, 2025, today when the matter is called out. Mr. Dubash, learned Counsel appears for the Digitally signed by NIKITA YOGESH GADGIL Date:

2025.04.01 19:17:26 +0530 Applicant and submits that the Respondent No.3 has filed reply to NIKITA YOGESH GADGIL which rejoinder has also been filed.

2.

Mr. Bhate, learned Counsel appears for the Insolvents and submits that reply will be filed today and copy will be furnished to others.

Nikita Gadgil 1/2

7-NMIS 2-25 in INPT 71-06.doc 3.

Mr. Dsouza, learned Counsel appears for the Company and submits that one week's time be given to file reply. 5.

Learned Official Assignee points out that the Official Assignee is not a party to the motion.

6.

Let the Official Assignee be made a party and proceedings be served upon the Official Assignee.

7.

Mr. Dubash submits that pursuant to the reply filed on behalf of the Respondent No.3, formal amendment to the proceedings be permitted viz. name of Dena Bank be permitted to be substituted as Bank of Baroda.

8.

Let the amendment be carried out forthwith. Re-verification is dispensed with.

4.

Let replies be filed within a period of one week with copy to others. Rejoinder in a week thereafter with copy to others. 5.

List on 15th April, 2025.

(ABHAY AHUJA, J.) Nikita Gadgil 2/2