Iifl Finance Limited v. Asset Care and Reconstruction Enterprise Limited
Case brief
What is this about?
Bombay High Court, OOCJ, Gauri Godse J, order dated 12-11-2025; Commercial Suit No. 10 of 2025 (IIFL Finance Ltd v. Assets Care and Reconstruction Enterprise Ltd and Ors) WITH Counter Claim No. 12 of 2025 in Commercial Suit (L) No. 33273 of 2025 WITH Commercial Suit (L) No. 33273 of 2025 (ACRE Ltd v. IIFL Finance Ltd; ACRE Ltd v. 360 One Asset Management Ltd and Ors). Joint request for withdrawal on amicable settlement; leave granted; suits and counter claim disposed of as withdrawn; pending applications (incl. IA/843/25, IAL/29072/25, IAL/33557/2025) infructuous; refund of court fees per rules. Counsel: Risha Alva/Rahul Dev (Argus Partners); Dhruvi Mehta/Apurva Pandey (Wadia Ghandy & Co.); Fatema Kothari (Vidhii Partners). Consent order; no merits decided; cite only for disposal status.
What did the court decide?
Both the suits and the counter claim disposed of as withdrawn on joint request recording amicable settlement; pending applications disposed of as infructuous; parties entitled to apply for refund of court fees as per the rules.