Shivatara Properties Pvt. Ltd. and Anr. v. Union of India Thr the Ministry of Financeand Ors.
Case brief
What is this about?
Bombay High Court, Writ Petition No.265 of 2025, decided 15 January 2025 (Chandurkar & Sathaye JJ.). Shivtara Properties Pvt. Ltd. v. Union of India. Petitioners sought a direction to Debts Recovery Tribunal, Pune to decide Securitization Application No.365 of 2023 and restraint on respondent no.4 altering the subject property. Writ petition disposed of as not entertained since petitioners had already approached the DRT where an interim application was pending; petitioners directed to pursue pending proceedings and press interim relief prayers; liberty granted to seek expeditious consideration of the interim application on its own merits; all merits kept open. Keywords: securitization application, DRT Pune, interim relief, alternative remedy, writ not entertained.
What did the court decide?
Writ petition disposed of as not entertained, with liberty to the petitioners to request the Debts Recovery Tribunal to consider the pending interim application expeditiously and on its own merits; all points on merits kept open.