Fairwealth Financial Services Limited v. Fairwealth Securities Limited
Case brief
What is this about?
Substituted service of writ of summons held not to be proper service where no attempt at regular mode of service and no service report by plaintiff or Sheriff's office; ex-parte proceeding order dated 25.02.2025 recalled; defendant no. 7 entitled to file written statement; significance of due service given 120-day written-statement forfeiture in commercial suits; Bombay High Court, Commercial Suit No. 74 of 2021, Interim Application No. 77 of 2026 with Interim Application No. 1694 of 2021; National Stock Exchange of India v. Fairwealth Securities Limited and Ors.; permission to file affidavit-in-reply.
What did the court decide?
Interim Application No. 77 of 2026 filed by defendant no. 7 allowed in terms of prayer clauses (a) and (b): the order dated 25th February 2025 directing the suit to proceed ex-parte is recalled/set aside and defendant no. 7 is permitted to file its written statement, to be filed within four weeks. In Interim Application No. 1694 of 2021, defendant no. 7 is permitted to file its affidavit-in-reply within four weeks. Matter stand over to 24th February 2026, to be listed for hearing of other pending applications.