Encore Asset Reconstruction Company Private Limited vs Union of India — WP/9560/2025

Case under Securitisation & Reconstruction of Finiancial Assets Act Section NA. Disposed: Contested--Allowed on 24th April 2026.

Case disposed

CNR: HCBM010296882025

e-Filing Number

06-06-2025

Filing Number

WP/18730/2025

Filing Date

06-Jun-2025

Registration No

WP/9560/2025

Registration Date

11-Jul-2025

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

24-Apr-2026

Nature of Disposal

Contested--Allowed

Last updated 03-May-2026

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section NA

Petitioner(s)

  1. 1.Encore Asset Reconstruction Company Private Limited

    Adv. Vinay Bajirao Deshpande

Respondent(s)

  1. 1.Union of India

  2. 2.Eesha Flexco LLP

  3. 3.Rishabh Subhash Kumar Kela

  4. 4.Subhash Nandlal Kela

Case History

  1. Case disposedDisposed

  2. 24-Apr-2026

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

    The Bombay High Court quashed the District Magistrate's order dated 16th January 2025 under Section 14 of the Securitisation Act, finding it suffered from a jurisdictional error. The court held that the Magistrate exceeded his authority by performing quasi-judicial functions and entertaining an application from OIDC to take possession of the secured asset, when the Magistrate's role is limited to ministerial steps only. The matter was remitted to the Magistrate for fresh consideration within four weeks, in accordance with settled Supreme Court precedent. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 24-Apr-2026

    For Orders (Due Matters)

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

  4. 16-Apr-2026

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

  5. 16-Apr-2026

    For Orders (Due Matters)

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

  6. 01-Apr-2026

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

  7. 01-Apr-2026

    For Orders (Due Matters)

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

  8. 16-Mar-2026

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

  9. 16-Mar-2026

    High On Board (Hob)

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

  10. 06-Mar-2026

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

  11. 06-Mar-2026

    High On Board (Hob)

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

  12. 02-Feb-2026

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

  13. 02-Feb-2026

    High On Board -

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

  14. 19-Jan-2026

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

  15. 19-Jan-2026

    -Due Admission

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

  16. 07-Jan-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  17. 07-Jan-2026

    High On Board (Hob)

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Shri Justice Farhan Parvez Dubash

  18. 22-Dec-2025

    Hon'ble Shri Justice R. I. Chagla,hon'ble Shri Justice Farhan Parvez DubashView PDF

  19. 08-Sep-2025

    For Circulation

    Hon'ble Shri Justice M. S. Karnik , Hon'ble Shri Justice N. R. Borkar

  20. 18-Jul-2025

    Hon'ble Shri Justice M. S. Karnik,hon'ble Shri Justice N. R. BorkarView PDF

  21. 18-Jul-2025

    First hearing

    Initial hearing scheduled

  22. 06-Jun-2025

    Case filed

    Registration No. WP/9560/2025

casestatus.in Summary

The Bombay High Court quashed the District Magistrate's order dated 16th January 2025 under Section 14 of the Securitisation Act, finding it suffered from a jurisdictional error. The court held that the Magistrate exceeded his authority by performing quasi-judicial functions and entertaining an application from OIDC to take possession of the secured asset, when the Magistrate's role is limited to ministerial steps only. The matter was remitted to the Magistrate for fresh consideration within four weeks, in accordance with settled Supreme Court precedent. This case analysis is maintained by casestatus.in based on publicly available court records.

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