Bombay High Court
STANDARD CHARTERED BANKversusTHE STATE OF MAHARASHTRA AND ORS
- Decided
- Disposal
- Disposed off as Withdrawn
Holding
The writ petition is disposed of as withdrawn.
Summary
The petitioner, Standard Chartered Bank, filed a writ petition seeking relief as a secured creditor. After obtaining physical possession of the subject property under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the bank applied to withdraw the petition. The respondents, the State of Maharashtra and others, were represented by the Attorney General's office. The High Court considered the request to withdraw the writ petition. The Court disposed of the petition as withdrawn, and any pending applications were also dismissed. No further orders were made.
Issues considered
- Whether the petitioner may withdraw the writ petition after taking possession of the property under Section 14 of the SARFAESI Act
Legislation cited
Subjects
- SARFAESI Act
- withdrawal of writ petition
- secured creditor
- possession
- high court
Judgment
bipin prithiani
1
43-wp-10413.26.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CIVIL APPELLATE JURISDICTION
WRIT PETITION NO. 10413 OF 2026
Standard Chartered Bank … Petitioner
Versus
The State of Maharashtra & Ors. … Respondents
******
Mr. Shadab Siddiqui i/by Mr. R. L. Motwani for Petitioner.
Mrs. Tanu N. Bhatia, AGP for Respondent-State.
******
CORAM : MANISH PITALE AND
SHREERAM V. SHIRSAT, JJ.
BIPIN
DHARMENDER
Digitally signed by
BIPIN DHARMENDER
PRITHIANI
DATE : 10th SEPTEMBER 2026
PRITHIANI Date: 2026.09.10
17:51:02 +0530
P.C. :
. The learned counsel for the petitioner-bank (secured
creditor) seeks permission to withdraw this writ petition, in the
light of the fact that physical possession of the subject property has
been taken in terms of the order passed by the Competent
Magistrate under Section 14 of the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002.
2. The writ petition is disposed of as withdrawn. Pending
applications, if any, also stand disposed of.
(SHREERAM V. SHIRSAT, J.) (MANISH PITALE, J.)
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