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2026 DAILYLAW 1702 (BOM)

CFM Asset Reconstruction Private Limited, Applicant v. PUJIT RAVIKIRAN AGGARWAL

NMIS/4/2026 · 2026-07-17

Shri Jitendra Shantilal Jain

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

11. NMIS NO. 4 OF 2026.DOCX ppn IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS INSOLVENCY JURISDICTION NOTICE OF MOTION NO. 4 OF 2026 IN INSOLVENCY PETITION NO. 22 OF 2019 CFM Asset Reconstruction Private Limited ….Applicant V/s. Pujit Ravikiran Aggarwal ….Insolvent ALONGWITH OFFICIAL ASSIGNEE REPORT NO. 21 OF 2025 IN INSOLVENCY PETITION NO. 21 OF 2019 The Official Assignee, High Court, Bombay ….Applicant V/s. Pujit Ravikiran Aggarwal ….Insolvent/Own Petitioner ALONGWITH OFFICIAL ASSIGNEE REPORT NO. 22 OF 2025 IN INSOLVENCY PETITION NO. 22 OF 2019 The Official Assignee, High Court, Bombay ….Applicant V/s. Pujit Ravikiran Aggarwal ….Insolvent/Own Petitioner ALONG WITH NOTICE OF MOTION NO. 21 OF 2025 IN INSOLVENCY PETITION NO. 22 OF 2019 Pujit Ravikiran Aggarwal ….Insolvent IN THE MATTER BETWEEN Pujit Ravikiran Aggarwal ….Insolvent V/s. The Official Assignee, High Court, Bombay ….Respondent PRACHI PRANESH NANDIWADEKAR Digitally signed by PRACHI PRANESH NANDIWADEKAR Date: 2026.07.17 18:05:52 +0530 11. NMIS NO. 4 OF 2026.DOCX ALONG WITH OFFICIAL ASSIGNEE REPORT NO. 63 OF 2025 IN INSOLVENCY PETITION NO. 22 OF 2019 The Official Assignee, High Court, Bombay ….Applicant V/s. Pujit Ravikiran Aggarwal ….Insolvent / Own Petitioner ______________________________________________________ Ms. Fereshte Sethna a/w. Ms. Sushmita S. Chauhan, Ms. Bhagyashree Anklesaria and Ms. Aditi Shrivastava and Ms. Tarang Saraogi i/b DMD Advocates for the Applicant -CFM Asset Reconstruction Private Limited, Applicant. Mr. Gaurang Mehta, Ms. Rhia Mehta and Ms. Shivangi Goel i/b Rajani Associates for the Insolvent. Mr. Arsh Misra for Axis Bank. Mr. Sachin Shankar (Legal), Senior Manager of Axis Bank present. Ms. C. J. Bhatt, Official Assignee, present, alongwith Mr. Subodh Patil, Deputy Official Assignee, present. Ms. R.V. Rane, Insolvency Registrar, present. ______________________________________________________ CORAM : SHRI. JITENDRA JAIN, J. DATED : 17th JULY, 2026. PC:- 1. This motion is filed by the applicant seeking a direction to substitute itself with Axis Bank who had made a claim on 21 June 2022 with the Official Assignee by email 2. The advocate for the applicant had also lodged a claim on 24 March 2026 stating the fact of assignment from Axis Bank with regard to recovery from Mr. Pujit Aggarwal. Deed of assignment was also enclosed alongwith this letter. 3. On a request being made by the applicant-CFM, the official assignee had given list of creditors under Section 80 of the Presidency Towns Insolvency Act, 1909. In the said list, name of 11. NMIS NO. 4 OF 2026.DOCX the applicant is appearing at Item No.7. Therefore, now there is no dispute that the claim has been lodged and same will be further adjudicated by the official assignee. 4. The claim made by the applicant is on the basis of the assignment and agreement between the Axis Bank and CFM. 5. Motion is disposed of in above terms. (Jitendra Jain, J)