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Bombay High CourtCRR/477/2025disposed off

Tata Capital Financial Services Limited v. Ranjeetsingh Gulati And ANR

2025-12-18Hon'Ble Smt. Justice Bharati Dangre2 pages

1/2 935 CRR-477-25.odt Salgaonkar

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

MANDIRA MILIND SALGAONKAR MILIND SALGAONKAR Date: 2025.12.23 11:40:53 +0530 ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER REPORT NO.477 OF 2025 IN ARBITRATION PETITION NO.40 OF 2017 Tata Capital Financial Services Limited ..

Petitioner

Versus

Ranjeetsingh Gulati & Anr.

..

Respondents ...

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

Mr.Nikhil Mehta i/b K.M.C. Legal 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 the copy of Court Receiver Report has been supplied to the learned Advocate for the Petitioner on the Email ID available with the office of Court Receiver.

2.

Mr.Nikhil Mehta, learned Advocate appearing for the Petitioner, has no objection if the Court Receiver is discharged. 3.

In the present matter, the Court Receiver was appointed in respect of hypothecated asset/equipment. According to the

2/2 935 CRR-477-25.odt Court Receiver Report, the Court Receiver could not take possession of the hypothecated asset/equipment, as the Petitioner could not point out the vehicle at site and Respondent No.1 informed that the vehicle was out of station. 4.

According to the Court Receiver Report, 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.

Considering these circumstances, the Court Receiver Report deserves to be allowed in terms of prayer clause (a) and (b).

Hence, the Court Receiver Report is made absolute in terms of prayer clause (a) and (b), which read thus:- "(a) That the Hon'ble Court may be pleased to discharge the Court Receiver, High Court, Bombay without passing accounts subject to payment of costs, charges and expenses of Rs.32,400/- to be borne by the Petitioner within stipulated period as directed by the Hon'ble Court.

(b) That cost of this report may be quantified at Rs.5,000/- and Petitioner may be directed to deposit the same with the Court Receiver."

(BHARATI DANGRE, J.)