Citi Corp Finance India Ltd. v. Shree Tirupati Balaji Earthmovers And ANR

1/2 931 CRR-441-25.odt Salgaonkar

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

MANDIRA MILIND SALGAONKAR MILIND SALGAONKAR Date: 2025.12.23 11:40:49 +0530 ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER REPORT NO.441 OF 2025 IN ARBITRATION PETITION NO.486 OF 2009 Citi Corp Finance India Limited ..

Petitioner

Versus

Shree Tirupati Balaji Earthmovers & Anr.

..

Respondents ...

Mr.N.C.Pawar, Court Receiver with Mr.Swayam Chopda, OSD to Court Receiver, present.

None for the Petitioner.

CORAM: BHARATI DANGRE, J.

DATE : 18th DECEMBER, 2025 ...

P.C:- 1.

The Court Receiver has sought discharge in the above Petition. The Court receiver informs that copy of Court Receiver Report has been supplied to the learned Advocate for the Petitioner on the E-mail ID available with the office of Court Receiver.

2.

None is present for the Petitioner, despite service of report.

3.

The Court Receiver was appointed in respect of hypothecated vehicle and it is submitted that the site visit was

2/2 931 CRR-441-25.odt conducted, however, Respondent No.2 had informed that suit asset was not available and was to be come back in 7 to 8 days. At that time the Petitioner had informed that the matter was settled.

4.

According to the Court Receiver Reports, there has been no further correspondence or communication on part of the Petitioner, as a result no action is taken by the Court Receiver and the matter is simply pending.

In the wake of the above, the Court Receiver Report deserves to be allowed in terms of prayer clauses (a) and (b). Hence, the Court Receiver Report is made absolute in terms of prayer clauses (a) and (b), which read thus:- "(a) The Hon'ble Court may pleased to discharge the Court Receiver, High Court, Bombay without passing of Account after payment of Costs, charges and expenses of Court Receiver within a stipulated period as may be directed by the Hon'ble Court. (b) Cost of this report may be quantified at Rs.5,000/- and Petitioner may be directed to deposit the said amount with the Court Receiver."

(BHARATI DANGRE, J.)