Konshila Infrastructure Pvt. Ltd. v. Pegasus Asset Reconstruction Pvt. Ltd.
Case brief
What is this about?
Bombay High Court, Civil Appellate Jurisdiction; order dated 24 April 2026; Interim Application No. 2298 of 2026 in Writ Petition No. 17747 of 2025; Konshila Infrastructure Pvt. Ltd. & Anr. (Applicants/Petitioners; adv. Siddharth Samantray with Niket Hari, i/by Manoj Harit and Co.) versus Pegasus Asset Reconstruction Pvt. Ltd & Ors. (Respondents; adv. Charles De Souza for Respondent No.1); Coram: Manish Pitale and Shreeram V. Shirsat, JJ. Praecipe (matter not on board) for extension of time to Debts Recovery Tribunal-I, Mumbai (DRT-I) to dispose of Interim Application No. 2713 of 2025 in Securitisation Application No. 65 of 2024; repeated earlier extensions; period expired 24 April 2026 due to part-heard matters; no specific objection by respondents; three weeks granted as last chance; praecipe disposed of.
What did the court decide?
Three weeks' further time, as a matter of last chance, granted to Debts Recovery Tribunal-I, Mumbai to dispose of Interim Application No. 2713 of 2025 in Securitisation Application No. 65 of 2024; praecipe disposed of.