M/S. MANGAL CREDIT AND FINCORP LIMITED v. NYASA ENTERPRISES (BORROWER)
EXA/1566/2024 · 2026-09-03
body2024
DailyLaw.ai
[ 2024 DAILYLAW 2471 (BOM) · dailylaw.ai ]
DailyLaw.ai
[ 2024 DAILYLAW 2471 (BOM) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
EXECUTION APPLICATION NO. 1566 OF 2024 IN ARBITRATION CASE NO.46 OF 2022 Mangal Credit and Fincorp Ltd. .…Claimants
V/s.
Nayasa Enterprises and two Ors. .…Respondents None present for Claimants. None present for Respondents.
Before : Mrs. Shonali K. Dighe Commissioner for Taking Accounts Date :08th September, 2026.
FOR DIRECTIONS : Sr.No.1
1. By an order dated 03rd September, 2026, the award dated 11th December, 2023 is set aside and the Execution an Application as well as the connected interim application stand dismissed /
disposed by the Hon’ble High Court with liberty to the parties to initiate fresh arbitration proceedings in accordance with law.
2. Since, Execution Application No. 1566 OF 2024 has been dismissed, all pending interim applications, including the Warrant for Sale, have become infructuous and no further proceedings survive. Accordingly, the Warrant for Sale is also
disposed of as infructuous.
3. Office is directed to remove the matter from the board. The Office shall notify the Prothonotary and Senior Master, as well as the Deputy Sheriff of Bombay, about the same. The Office is further directed to intimate the Execution Department regarding the disposal of the Warrant for Sale.
08.09.2026 Commissioner for Taking Accounts