Phoenix Arc Pvt. Ltd. v. St John Freight Systems Ltd.
Case brief
What is this about?
Phoenix Arc Pvt Ltd vs St John Freight Systems Ltd; Bombay High Court Commercial Division (O.O.C.J.); Abhay Ahuja J.; Commercial Execution Application Nos. 138, 156, 149 of 2025; Interim Application Nos. 642, 643, 644 of 2025; discharge of Court Receiver; costs, charges and expenses of Court Receiver; steps under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Act, 2002 (SARFAESI); survival of execution applications; withdrawal of execution proceedings; instructions; order dated 15 December 2025; next date 24 February 2026.
What did the court decide?
Discharge of the Court Receiver in all three matters, subject to payment of its costs, charges and expenses, to be worked out by the Court Receiver and communicated to the Advocate for the Applicant; Applicant to take instructions on withdrawal of the execution proceedings; matters listed on 24 February 2026.