THE ADMINISTRATOR AGRICULTURAL PRODUCE MARKET COMMITTEEversusSHREE NASHIK PANCHAVATI PANJARPOL TRUST THR ITS MANAGING TRUSTEE AND ORS

                                                                      904-WP-12159-2026.DOC

                            IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                    CIVIL APPELLATE JURISDICTION

                                    WRIT PETITION NO. 12159 OF 2026


                   The Administrator APMC                                  ..Petitioner

                           Versus

                   Shree Nashik Panchavati Panjarpol Trust &          …Respondents
                   Ors.


                   Mr. Anil Anturkar, Senior Advocate, a/w Mr. Pramod N Joshi,
                        Mr. Bipin A Singh, Ms. Gauri Kamat, for the Petitioner.

                   Mr. Anil Ahuja, a/w Ms. Bhavana Khemani, for Respondents.

                   Smt. Sulbha Chipade, AGP for Respondent – State.


                                                CORAM :      N. J. JAMADAR, J.
                                                DATE   :     01st OCTOBER 2026

SAINATH
SANJAY
BODKHE
                   P.C.:
Digitally signed
by SAINATH
SANJAY BODKHE
Date: 2026.10.03
12:51:08 +0530

                   1.      Heard the learned Counsel for the parties.

                   2.      The challenge in this petition is to an order dated 02 nd

                   September, 2026 passed by the Executing Court in L.R.

                   Darkhast No.23/2006 whereby the Executing Court has freezed

                   all the 14 bank accounts of the Petitioner – Judgment Debtor

                   No.2.

                   3.      The execution petition has a chequered history as the

                   award dated 17th March, 2006 passed by the Reference Court

                   still awaits satisfaction.
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4.      At the outset, it is necessary to note that, First Appeal

No.1447/2006 preferred against the award awaits adjudication

before a Division Bench of this Court.

5.      The petitioner has preferred this petition as the impugned

order directing the freezing of all its bank accounts has brought

the operations of the Petitioner – APMC, to a grinding halt. In

the statement at Exh.I (pg. 138 of the petition), the petitioner

has furnished the details of the expenses for which the

petitioner is required to operate the bank accounts, including

the payment of the salaries and provident fund contribution of

131 employees of the APMC and other obligatory expenses.

6.      In the backdrop of the aforesaid nature of the grievance,

the petitioner was directed to file an affidavit disclosing the

status of the 14 banks accounts which have been ordered to be

freezed by the Executing Court. Pursuant thereto, an additional

affidavit has been filed on behalf of the petitioner. A statement of

the bank accounts is annexed thereto.

7.      Mr. Anturkar, the learned Senior Advocate for the

petitioner, submits that, in addition to the two fixed deposits

aggregating to a sum of Rs.08,23,48,867/- (Rupees Eight Crores

Twenty Three Lakhs Forty Eight Thousand Eight Hundred and

Sixty Seven) maintained with HDBC Bank, Panchvati Branch,


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Nashik, substantial amounts are lying to the credit of the

account of the petitioner in the bank accounts maintained with

the Central Bank of India, Nashik Branch and HDFC Bank,

Panchvati Branch (Serial Nos.10 to 12 of the statement).

8.      Since    the    Petitioner   –    APMC    is   required    to   incur

expenditure for its day – today operations and also pay the

salaries of the employees and incur other obligatory expenses,

with the consent of Respondent No.1 – decree holder, the

freezing order shall stand vacated qua the accounts at Serial

No.11         HDFC     Bank,    Panchvati       Branch,    IFSC     Code      :

HDFC0002041, Account No. 50200031852151, (Balance : Rs.

67,53,029.98/-) and Serial No. 12 HDFC Bank, Panchvati

Branch,         IFSC     Code    :       HDFC0002041,        Account       No.

50100240550708, (Balance : Rs. 72,03,851.30/-).

9.      The petitioner is permitted to operate the aforesaid two

accounts upon deposit of the amount of Rs.08,23,48,867/-

(Rupees Eight Crores Twenty Three Lakhs Forty Eight Thousand

Eight Hundred and Sixty Seven), standing to the credit of two fix

deposits accounts maintained with HDFC Bank, Panchavati

Branch, in the Executing Court.




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10.     It is clarified that, the order of freezing qua the aforesaid

two accounts would be lifted only upon the deposit of the

aforesaid amount in the Executing Court.

11.     The Writ Petition stands disposed.



                                          [N. J. JAMADAR, J.]




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