Bombay High Court
PRABHAT PLAZA PRIVATE LIMITED AND ORSversusRELIGARE FINVEST LIMITED AND ANR
- Decided
- Disposal
- Disposed Off
Holding
The writ petition is dismissed as withdrawn.
Summary
Petitioners Prabhat Plaza Private Limited and others filed a writ petition before the Bombay High Court challenging certain actions of the respondents. During the hearing, the petitioners' counsel sought permission to withdraw the petition in order to pursue relief before the Debt Recovery Tribunal concerning a pending securitisation application. The Court, noting that it was not inclined to entertain the writ, allowed the withdrawal request. Consequently, the writ petition was dismissed as withdrawn. No substantive merits of the petition were adjudicated.
Issues considered
- Whether the Bombay High Court should entertain the writ petition filed by the petitioners
- Whether the petition can be withdrawn at the petitioners' request
Subjects
- writ petition
- withdrawal
- debt recovery tribunal
- securitisation
- civil appellate jurisdiction
- Bombay High Court
Judgment
13-WP-11133-2026.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CIVIL APPELLATE JURISDICTION
WRIT PETITION NO. 11133 OF 2026
Prabhat Plaza Private Limited and others … Petitioners
Versus
Religare Finvest Limited and another … Respondents
SWEETY
RAJU
BHALERAO ******
Digitally signed
by SWEETY
RAJU
BHALERAO
Mr. Vivek Patil, a/w Mr. Devesh Sawant, Adv. Afsar Ansari, Ms. Apurva R.,
Date:
2026.09.03
14:44:22 +0530
i/b Vivek Patil & Associates, for Petitioners.
Mr. Archit Virmani, a/w Mr. Atul Gupta for Respondent No. 1.
******
CORAM : MANISH PITALE &
SHREERAM V. SHIRSAT, JJ.
DATE : 02nd SEPTEMBER 2026.
PC:
1. After arguing for some time and when this Court was not inclined to
entertain the present writ petition, the learned counsel for the Petitioners, on
instructions, sought permission to withdraw the present writ petition in
order to approach the Debts Recovery Tribunal in the pending securitisation
application.
2. In view of the above, the writ petition is dismissed as withdrawn.
(SHREERAM V. SHIRSAT, J.) (MANISH PITALE, J.)
Bhalerao 1
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