Kotak Mahindra Bank Limited v. Mohd Kamran Farooqui ( Borrower)

Bombay HC11 Aug 2025IA/1754/2025

Case brief

AI extract

What is this about?

Post-decree execution of arbitral award dated 16.10.2017; Order 21 Rule 41 CPC asset-disclosure affidavit; judgment-debtor disclosure of movable and immovable assets, bank accounts linked to PAN AAEPF1410B, and list of debtors; Kotak Mahindra Bank Limited as executing decree-holder/applicant; Mohd. Kamran Forooqui as Respondent; Bombay High Court OOCJ; interim application in Execution Application 1538 of 2023; award unsatisfied beyond 30 days.

What did the court decide?

Respondent directed to disclose assets on oath in terms of prayer Clause (b) within four weeks; copy of order to be served with affidavit of service; matter listed on 21 January 2026. ¶¶16

Kotak Mahindra Bank Limited vs Mohd Kamran Farooqui ( Borrower) — Bombay HC (2025) — LawSathi Research

¶1

165- IA 1754-25 in EXA 1538-23.doc

¶2

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

¶3

INTERIM APPLICATION NO. 1754 OF 2025 IN

¶4

EXECUTION APPLICATION NO. 1538 OF 2023

¶5

Kotak Mahindra Bank Limited ...Applicant V/s. Mohd. Kamran Forooqui ...Respondent

¶6

Mr. Nilkanth D. Gadge i/b Mr. Narayan R. Awate for the Applicant. None for the Respondent.

¶7

CORAM : ABHAY AHUJA, J. DATE : 17^th NOVEMBER, 2025

¶8

P.C. :

¶9

This Interim Application has been filed in aid of execution of the award dated 16^th October, 2017.

¶10

When the matter is called out, Mr. Gadge Memon, learned Counsel appears for the Applicant and submits that despite service to the Respondent, no payments have been received nor there is any representation today and that this Court may direct disclosures in terms of prayer Clause (b), which reads thus:-

¶11

“(b) The Hon’ble Tribunal be pleased to order and direct the Respondents, to file their respective comprehensive affidavit disclosing on oath the assets both movable and immovable held by them jointly and or severally including details of all Bank accounts (with account numbers, Bank, Branch etc.) linked to PAN of Respondent (PAN AAEPF1410B) and all the amounts

¶12

Digitally signed by NIKITA NIKITA YOGESH YOGESH GADGIL GADGIL Date: 2025.11.18 12:58:00 +0530

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Nikita Gadgil 1/2

¶14

165- IA 1754-25 in EXA 1538-23.doc

¶15

lying in the Bank accounts and list of their Debtors who owe them money within a period of 2 weeks from the date of the order or within such time as this Hon’ble may deemed fir by this Hon’ble Court; as provided under Order 21 Rule 41 of the Code of Civil Procedure, 1908 since the Decree/Award dated 16.10.2017 passed by the Learned Arbitral Tribunal has remained unsatisfied for more than 30 days from the date of its passing.”

¶16

Let disclosures be made on oath by the Respondent in terms of prayer Clause (b) within a period of four weeks.

¶17

Let copy of this order be served upon the Respondent and an appropriate affidavit of service be filed.

¶18

List on 21^st January, 2026.

¶19

(ABHAY AHUJA, J.)

¶20

Nikita Gadgil 2/2

Kotak Mahindra Bank Limited v. Mohd Kamran Farooqui ( Borrower)

Case brief

What is this about?

What did the court decide?

Kotak Mahindra Bank Limited v. Mohd Kamran Farooqui ( Borrower)

Case brief

What is this about?

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What the court decided

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