Bombay High Court

STATE BANK OF INDIA, THROUGH ITS STRESSED ASSET MANAGEMENT BRANCH OFFICEversusBELL FINVEST (INDIA) PVT LTD AND 2 ORS

Decided: 20 February 2026
Disposal: DISPOSED OFF
Bench: ARIF S DOCTOR

Holding

The court disposed of the interim application and directed the Official Liquidator to re‑adjudicate the claim limited to the interest component within four weeks.

Summary

The State Bank of India, through its Stressed Asset Management Branch, filed an interim application in Company Petition No. 710 of 2014 against Bell Finvest (India) Pvt Ltd and others. The Official Liquidator had taken a position on the claim, prompting the court to consider the application. The court examined whether the interim application should be disposed of and what scope the Official Liquidator should have in re‑adjudicating the claim. Finding the Official Liquidator’s stance fair, the court ordered that the claim be re‑adjudicated only to the extent of the interest component. It further directed that this re‑adjudication be completed within four weeks from the date of the order. Accordingly, the interim application was disposed of.

Issues considered

Whether the interim application filed by the State Bank of India should be disposed of
Whether the Official Liquidator should be directed to re‑adjudicate the claim limited only to the interest component

Subjects

interim application
company petition
official liquidator
claim adjudication
interest component
stressed assets

Judgment

                                          1/1            63-IA-6860-2025 (OS).DOC



                 IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                    ORDINARY ORIGINAL CIVIL JURISDICTION


                   INTERIM APPLICATION NO. 6860 OF 2025
                                          IN
                       COMPANY PETITION NO. 710 OF 2014


State Bank Of India,
Through Its Stressed Asset Management Branch Office                   ...Applicant
        Versus
Bell Finvest (India) Pvt Ltd And Ors                                  ...Respondents
                                       _______
Mr. Subhash Gupta i/b Ajinkya Kurdukar for Applicant.
Ms. Akanksha Agrawal, for Official Liquidator.
Mr. Satyajit Roul, Official Liquidator.
                                       _______
                              CORAM        :     ARIF S. DOCTOR, J.
                              DATE         :     20th FEBRUARY, 2026


P.C.


1.      Given a fair stand taken by the Official Liquidator, the Interim

Application is disposed of.

2.      The Official Liquidator shall re-adjudicate the claim limited only to the

interest component, within a period of four weeks from today. Interim

Application is accordingly disposed of.




                                                  [ARIF S. DOCTOR, J.]




Areeb

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Subhash Gupta