AJAY CHANDRAKANT MADANE AND ANR vs BANK OF MAHARASHTRA AND ORS — WP/6378/2026

Case under Securitisation & Reconstruction of Finiancial Assets Act Section NA. Disposed: Contested--Disposed off as Withdrawn on 06th May 2026.

Case disposed

CNR: HCBM010229012026

Filing Number

WP/13353/2026

Filing Date

04-May-2026

Registration No

WP/6378/2026

Registration Date

05-May-2026

Judge

Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Shreeram Vinayak Shirsat

Coram

Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Shreeram Vinayak Shirsat

Bench Type

Division

Category

MERCANTILE LAWS COMMERCIAL TRANSACTIONS , BANKS ( 28 )

Sub-Category

MATTERS RELATING TO SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS ( 10 )

Judicial Branch

Civil

Decision Date

06-May-2026

Nature of Disposal

Contested--Disposed off as Withdrawn

Last updated 12-Jun-2026

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section NA

Petitioner(s)

  1. 1.AJAY CHANDRAKANT MADANE AND ANR

    Adv. Rajesh Darvesh

  2. 2.SUCHETA AJAY MADAN

  3. 3.PRATIK AJAY MADANE

Respondent(s)

  1. 1.BANK OF MAHARASHTRA AND ORS

  2. 2.CHIEF MANAGER ASSET RECOVERY BRANCH NAVI MUMBAI

  3. 3.PUSHPA KAMBLE

  4. 4.VISHAL BENGANI

Case History

  1. Case disposedDisposed

  2. 06-May-2026

    Hon'ble Shri Justice Manish Pitale,hon'ble Shri Justice Shreeram Vinayak ShirsatView PDF

    The Bombay High Court dismissed the writ petition filed by Ajay Chandrakant Madane and others against Bank of Maharashtra after the petitioners' counsel sought withdrawal on instructions. The court clarified that its dismissal order would not prevent the bank from taking lawful action to recover physical possession of the secured asset under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 06-May-2026

    For Circulation

    Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Shreeram Vinayak Shirsat

  4. 04-May-2026

    Case filed

    Registration No. WP/6378/2026

casestatus.in Summary

The Bombay High Court dismissed the writ petition filed by Ajay Chandrakant Madane and others against Bank of Maharashtra after the petitioners' counsel sought withdrawal on instructions. The court clarified that its dismissal order would not prevent the bank from taking lawful action to recover physical possession of the secured asset under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. This case analysis is maintained by casestatus.in based on publicly available court records.

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