1/2 906 IA-2209-26.odt Salgaonkar IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION INTERIM APPLICATION NO.2209 OF 2026 IN WRIT PETITION NO.518 OF 2026 M/s Pooja Developers .. Applicant/ Petitioner Versus The State of Maharashtra, Dept. of Co-Operation, Marketing and Textiles & Ors. .. Respondents … Mr.Niranjan Mogre for the Applicant/Petitioner. Mr.Sachin H. Kankal, A.G.P. for the Respondent Nos.1 and 5. Mr.Harshad Sathe with Mr.Tushar Agrawal and Ms.Harshada Shrikhande i/b Mulani & Co. for the Respondent Nos.3 and 4. CORAM: BHARATI DANGRE & ASHISH S. CHAVAN, JJ. DATE : 27th AUGUST, 2026 ... P.C:- 1. In continuation of the order dated 11/08/2026, the counsel for the Petitioner presented a Demand Draft of Rs.1,04,56,555/-, in the name of Sant Sopan Kaka Sahakari Bank Ltd., Saswad. During the course of hearing, this Demand Draft dated 14/08/2026 is handed over to the counsel representing the Bank. MANDIRA MILIND SALGAONKAR Digitally signed by MANDIRA MILIND SALGAONKAR Date: 2026.08.29 18:05:36 +0530 2/2 906 IA-2209-26.odt At the same time, the counsel for the Respondent-Bank has placed before us a copy of the Resolution No.8(2) taken in the meeting dated 13/08/2026, when it is agreed that the account of the Petitioner shall be settled in the sum of Rs.1,10,00,000/- and though the Resolution also makes a reference to a sum of Rs.5,00,000/- shares over and above of the said amount, the learned counsel representing the Bank is under the instructions to make a statement that this amount of Rs.5,00,000/- shall be included in the sum of Rs.1,10,00,000/- which is an amount of One Time Settlement (OTS). It is agreed that on acceptance of the Demand Draft, the balance amount to make the OTS possible in the tune of Rs.1,10,00,000/-, the shares as well as the dividend in the tune of Rs.5,45,000/- shall be adjusted towards the OTS amount. Pursuant to the aforesaid settlement being given effect to, the account of the Petitioner shall be closed and a ‘No Due Certificate’ shall be issued to it within a period of two weeks from today. In case, if any Mortgage Deed is executed, the same shall be liable to be cancelled within a period of two weeks from today. 2. The Petition alongwith the pending Interim Application stands disposed of. (ASHISH S. CHAVAN, J.) (BHARATI DANGRE, J.)