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2026 DAILYLAW 16880 (BOM)

CENTRAL BANK OF INDIA BRANCH NASHIK v. M/S RE INFRA AND ORS

WP/13113/2026 · 2026-10-08

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

varsha 14-wp-13113-2026.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 13113 OF 2026 Central Bank Of India Branch Nashik .. Petitioner V/S. M/S Re Infra And Ors .. Respondents ------------------- Adv. Somya i.by T.N. Tripathi and Co., for petitioner. Ms. Samita Vaviya i.by Pritesh Burad Associates, for respondent Nos. 1 to 4. -------------------- CORAM : MANISH PITALE & SHREERAM V. SHIRSAT, JJ. DATE : 8TH OCTOBER 2026. PC: 1. The petitioner bank (secured creditor) has approached this court aggrieved by interim order dated 12.12.2024 passed by the Debt Recovery Appellate Tribunal (DRAT) in an appeal filed by the respondent. 2. The said stay order has been continued subsequently and it is operating in the pending appeal as on today. 3. During the course of arguments, learned counsel for the petitioner submitted that if this court directs expeditious disposal of the appeal itself, the petitioner bank would be satisfied. 4. Respondent Nos. 1 to 4 (borrowers) are represented by counsel. 1 of 2 VARSHA DEEPAK GAIKWAD Digitally signed by VARSHA DEEPAK GAIKWAD Date: 2026.10.09 10:36:50 +0530 varsha 14-wp-13113-2026.doc 5. We are of the opinion that an order for expeditious disposal of a pending proceeding inures to the benefit of all the parties and therefore issuance of notice to respondent Nos. 5 and 6 is dispensed with. 6. In any case, respondent Nos. 5 and 6 are the auction purchasers, who themselves would be interested in expeditious disposal of the pending appeal before the DRAT, particularly when interim order is operating in favour of respondent Nos. 1 to 4 (borrowers). 7. In view of the above, the writ petition is disposed of by directing the DRAT to dispose of pending Miscellaneous Appeal No. 51 of 2025, as expeditiously as possible, and in any case on or before 15th January 2027. 8. It is made clear that this court has not expressed any opinion on the merits of the matter and all the rights and contentions of the parties are kept open. (SHREERAM V. SHIRSAT, J.) (MANISH PITALE, J.) 2 of 2