Asset Care and Reconstruction Enterprise Limited v. Iifl Finance Limited
Case brief
What is this about?
Withdrawal by consent of three clubbed Bombay High Court commercial matters — COMS/10/2025 (IIFL Finance Ltd v. Assets Care and Reconstruction Enterprise Ltd & Ors.), CC/12/2025 in COMSL/33273/2025 (ACRE Ltd as Applicant v. IIFL Finance Ltd), and COMSL/33273/2025 (ACRE Ltd v. 360 One Asset Management Ltd & Ors.) — disposed of as withdrawn on 12-11-2025 (Gauri Godse, J.) following an amicable settlement; pending applications disposed of as infructuous; court-fee refund permitted as per rules. Counsel: Risha Alva with Rahul Dev (Argus Partners) for ACRE; Dhruvi Mehta and Apurva Pandey (Wadia Ghandy & Co.) for IIFL and Defendant Nos. 5, 17-26 in COMSL/33273/2025; Fatema Kothari (Vidhii Partners) for Defendant No.1.
What did the court decide?
Both the suits and the counter claim disposed of as withdrawn; parties entitled to apply for refund of court fees as per the rules.