CHAITANYA INDUSTRIES AND ORS v. PUNE MERCHANTS CO-OPERATIVE BANK LTD AND ORS
WP/3069/2026 · 2026-07-10
Shri Nandesh Shankarrao Deshpande
body2026
DailyLaw.ai
[ 2026 DAILYLAW 3171 (BOM) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 3171 (BOM) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
506 wp-3069-2026.odt IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIRCUIT BENCH AT KOLHAPUR CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 3069 OF 2026 M/s. Chaitanya Industries and Others.
….Petitioners Versus Pune Merchants Co-op. Bank Ltd and Others. ….Respondents ---- Mr. Narendra V. Sharma (thr. V.C.) and Mr. Aditya S. Ghatge for the Petitioner. Mr. B. V. Samant, Addl. GP for the Respondent-State. ----
CORAM : RAVINDRA V. GHUGE, ACJ. & NANDESH S. DESHPANDE, J.
DATE : JULY 10, 2026 P.C. :-
1. Not on board. Since the Petitioners expressed grave urgency, this matter was taken on production board.
2. The Petitioners have already approached the Debts Recovery Tribunal by preferring a proceeding for challenging the order passed by the District Magistrate under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The ground for coming to this Court is that the secured debtor has moved one more application before the District Magistrate.
3. We expressed disinclination. Therefore, the learned Advocate Patil-SR. 1 of 2
506 wp-3069-2026.odt for the Petitioners submits, on instructions, that the Petitioners desire to withdraw this Petition.
4. In view of the above, this Petition is disposed off as withdrawn on instructions. All contentions of the Petitioners are kept open in the proceedings pending before the Tribunal.
(NANDESH S. DESHPANDE, J.) (ACTING CHIEF JUSTICE) Patil-SR. 2 of 2