Disposed¶26

Truhome Finance Ltd. (Formerly Shriram Housing Finance Ltd) v. State of Maharashtra Thru. G P and Anr.

Bombay HC9 Dec 2025WP/16496/2025

Case brief

AI extract

What is this about?

SARFAESI; Section 14 SARFAESI Act 2002; expeditious disposal direction; Chief Judicial Magistrate Raigad-Alibag; Criminal Miscellaneous Application No.1671 of 2024; Criminal Miscellaneous Application No.793 of 2025; Shriram Housing Finance Ltd. name change to Truhome Finance Ltd.; Truhome Finance Ltd. v. State of Maharashtra; writ petition disposed; Bombay High Court; no order as to costs.

What did the court decide?

Direction to Respondent No.2 – Superintendent of Chief Judicial Magistrate, Raigad – Alibag to ensure orders under Section 14 of the SARFAESI Act, 2002 are passed by the concerned Magistrate Courts in the four Criminal Miscellaneous Applications by 30th December, 2025; Writ Petition disposed of with no order as to costs. ¶26

Truhome Finance Ltd. (Formerly Shriram Housing Finance… — Banking and Recovery | Bombay HC (2025)

What the court decided

AI extract

Outcome

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Issue for consideration

Whether the Court should direct Respondent No.2 – Superintendent of Chief Judicial Magistrate, Raigad – Alibag to ensure that orders under Section 14 of the SARFAESI Act, 2002 in the four pending Criminal Miscellaneous Applications are passed by the concerned Magistrate Courts by 30th December, 2025.

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Court's answer

The Court directed the Respondent No.2 – Superintendent of Chief Judicial Magistrate, Raigad – Alibag to ensure that the Orders are passed by the concerned Magistrate Courts under Section 14 of the SARFAESI Act, 2002 in the four Criminal Miscellaneous Applications by 30th December, 2025.

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Detailed headnote1 paragraphs

Bombay High Court (R.I. Chagla and Farhan P. Dubash, JJ.) disposed of Writ Petition No.16496 of 2025 (Truhome Finance Ltd. v. State of Maharashtra & Anr.). The learned AGP tendered two letters dated 15th December, 2025 from Respondent No.2 – Superintendent, Chief Judicial Magistrate, Raigad – Alibag, reporting on four pending Section 14, SARFAESI Act, 2002 applications: Cr.M.A. No.1671 of 2024 is reserved for orders on 30th December, 2025; the applications at Sr. Nos. 2 and 3 (complainant Shriram Housing Finance Ltd., now renamed Truhome Finance Ltd., certificate of name change to be filed) were heard and stood over for compliance to 30th December, 2025; and Cr.M.A. No.793 of 2025 is scheduled for arguments on 19th December, 2025 with disposal expected within about ten days. Recording the AGP's submission that orders in all four applications will be passed by 30th December, 2025, the Court directed Respondent No.2 to ensure that the orders are passed by the concerned Magistrate Courts under Section 14 of the SARFAESI Act, 2002 in the four Criminal Miscellaneous Applications by 30th December, 2025, and disposed of the petition with no order as to costs.

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11-wp-16496-2025.doc Truhome Financial Ltd. v. State of Maha & Anr.

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION

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WRIT PETITION NO.16496 OF 2025

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Truhome Finance Ltd. …Petitioner

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Digitally signed by JITENDRA JITENDRA SHANKAR SHANKAR NIJASURE NIJASURE Date: 2025.12.17 11:36:00 +0530

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Versus

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State of Maharashtra & Anr.

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…Respondents

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Mr. Sanjay Anabhawane for the Petitioner.

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Mr. A.A. Alaspurkar, AGP for State / Respondent No.1.

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CORAM : R.I. CHAGLA AND FARHAN P. DUBASH, JJ. DATE : 16TH DECEMBER, 2025.

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ORDER :

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Mr. Alaspurkar, the learned AGP appearing for the Respondent – State has tendered two letters dated 15th December, 2025 from the Respondent No.2 – Superintendent, Chief Judicial Magistrate, Raigad – Alibag, addressed to the learned AGP. The said letters are taken on record and marked ‘X’ collectively for identification.

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In the first letter dated 15th December, 2025, it is stated

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Page 1 of 3

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------------------------------------------------Order dated December 17, 2025

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11-wp-16496-2025.doc Truhome Financial Ltd. v. State of Maha & Anr.

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that in so far as the Criminal Miscellaneous Application No.1671 of 2024 referred to in the table at prayer Clause (c) of the Petition, the matter is reserved for Orders on 30th December, 2025. In so far as Criminal Miscellaneous Applications listed at Sr. Nos.2 and 3 in the table at prayer Clause (c) of the Petition are concerned, the name of the Complainant / Applicant therein viz. Shriram Housing Finance Ltd. has changed to Truhome Finance Ltd. The Advocate for the Complainant / Applicant therein has assured the Court that he will file certificate showing that Shriram Housing Finance Ltd. has changed its name to Truhome Finance Ltd. on the next date. Although the arguments have been heard in both Criminal Miscellaneous Applications, the matters have been stood over for compliance to 30th December, 2025.

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By the second letter dated 15th December, 2025, in so far as Criminal Miscellaneous Application No.793 of 2025 is concerned, the matter is scheduled for arguments on 19th December, 2025 and it is stated in the said letter that, if the arguments are advanced on that date, the matter is likely to be disposed of within a

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Page 2 of 3 ------------------------------------------------Order dated December 17, 2025

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11-wp-16496-2025.doc Truhome Financial Ltd. v. State of Maha & Anr.

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period of 10 days thereafter.

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The learned AGP has submitted that as per the said letters, orders in the four Criminal Miscellaneous Applications for which the present Writ Petition has been filed will be passed by 30th December, 2025.

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We accordingly direct the Respondent No.2 – Superintendent of Chief Judicial Magistrate, Raigad – Alibag to ensure that the Orders are passed by the concerned Magistrate Courts under Section 14 of the SARFAESI Act, 2002 in the four Criminal Miscellaneous Applications by 30th December, 2025.

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The Writ Petition is accordingly disposed of. There shall

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be no order as to costs.

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[FARHAN P. DUBASH, J.] [R.I. CHAGLA J.]

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11-wp-16496-2025.doc jsn.

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Order dated December 17, 2025

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Page 3 of 3

Truhome Finance Ltd. (Formerly Shriram Housing Finance Ltd) v. State of Maharashtra Thru. G P and Anr.

Case brief

What is this about?

What did the court decide?

Truhome Finance Ltd. (Formerly Shriram Housing Finance Ltd) v. State of Maharashtra Thru. G P and Anr.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

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