Bombay High Court
PIRAMAL CAPITAL AND HOUSING FINANCE LTDversusTHE ADMINISTRATOR UNION TERRITORY OF DADRA AND NAGAR HAVELI
- Decided
- Disposal
- Disposed Off
Holding
The Court directed the District Magistrate to dispose of the pending application within four weeks, emphasizing the priority of such applications under the Securitisation Act.
Summary
Piramal Capital and Housing Finance Ltd filed a writ petition seeking a court direction to the District Magistrate of Daman to decide a pending application (No.15 of 2022) filed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner argued that such applications must be decided on a priority basis. The Court examined whether it could issue a mandatory time‑bound direction to a magistrate for disposal of the application. It held that applications under the Securitisation Act deserve priority and the magistrate could be directed accordingly. Consequently, the Court ordered the District Magistrate to hear and dispose of the pending application within four weeks and disposed of the writ petition.
Issues considered
- Whether a High Court can direct a District Magistrate to decide a pending application under Section 14 of the Securitisation Act within a stipulated time
Legislation cited
Subjects
- Securitisation Act
- Section 14
- priority of applications
- writ petition
- district magistrate
- time‑bound disposal
Judgment
46_WP_1193_26.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CIVIL APPELLATE JURISDICTION
WRIT PETITION NO. 1193 OF 2026
Piramal Capital and Housing Finance Limited … Petitioner
vs.
The Administrator,
Union Territory of Dadra and Nagar Haveli … Respondent
Mr. Nikhil Mehta for petitioner (through video-conferencing).
Mr. Harsh Dedhia for respondent.
CORAM : MANISH PITALE &
SHREERAM V. SHIRSAT, JJ
DATE : 02nd FEBRUARY, 2026
P.C. :
. Since the sole respondent is represented by counsel, this
petition is taken up for final disposal on the first date of hearing itself.
2. The petitioner is seeking limited relief of directions to the
concerned District Magistrate at Daman to decide pending
application bearing No.15 of 2022, filed under Section 14 of the the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (Securitisation Act),
within a stipulated period of time. We are of the opinion that such
applications filed under the provisions of the Securitisation Act,
ought to be decided on priority.
3. Hence, the District Magistrate at Daman is directed to hear and
finally dispose of the aforesaid pending application within a period of
four weeks from today.
Digitally
signed by
PRIYA
PRIYA KAMBLI
KAMBLI Date:
2026.02.03
10:21:04
+0530
4. The writ petition is disposed of. Pending applications, if any,
also stand disposed of.
(SHREERAM V. SHIRSAT, J.) (MANISH PITALE, J.)
Priya Kambli 1/1
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