EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED AND ANR vs THE STATE OF MAHARASHTRA AND ORS — WP/8842/2023

Case under Securitisation & Reconstruction of Finiancial Assets Act Section NA. Disposed: Contested--Allowed on 18th April 2026.

Case disposed

CNR: HCBM010312812023

Filing Number

WP/18564/2023

Filing Date

13-Jul-2023

Registration No

WP/8842/2023

Registration Date

14-Jul-2023

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

OTHERS ( 99 )

Judicial Branch

Civil

Decision Date

18-Apr-2026

Nature of Disposal

Contested--Allowed

Last updated 20-Apr-2026

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section NA

Petitioner(s)

  1. 1.EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED AND ANR

    Adv. Advocate- ,Bhal and Co

Respondent(s)

  1. 1.THE STATE OF MAHARASHTRA AND ORS

    Adv. ,GP WRIT CELL 1123

Case History

  1. Case disposedDisposed

  2. 18-Apr-2026

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

    The Bombay High Court allowed Edelweiss Asset Reconstruction Company's writ petition and directed removal of state tax and excise department encumbrances from revenue records. The court held that under the Securitisation Act (as amended January 24, 2020), a secured creditor with CERSAI registration has priority over government dues, and the state's 2015 attachment order was invalid because it lacked the mandatory proclamation of sale required by law. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 18-Apr-2026

    For Admission

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

  4. 26-Mar-2026

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

  5. 26-Mar-2026

    For Admission

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

  6. 09-Mar-2026

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

  7. 09-Mar-2026

    High On Board (Hob)

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

  8. 26-Feb-2026

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

  9. 26-Feb-2026

    High On Board -

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

  10. 03-Feb-2026

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

  11. 03-Feb-2026

    For Admission

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

  12. 20-Jan-2026

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

  13. 20-Jan-2026

    For Admission

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

  14. 12-Jan-2026

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

  15. 12-Jan-2026

    Due Admission - 1

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

  16. 26-Nov-2025

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

  17. 26-Nov-2025

    Due Admission - 1

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

  18. 10-Nov-2025

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

  19. 10-Nov-2025

    For Circulation

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

  20. 07-Oct-2025

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

  21. 29-Aug-2025

    For Admission

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

  22. 15-Jul-2025

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

  23. 15-Jul-2025

    For Circulation

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

  24. 25-Jun-2025

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

  25. 13-Jun-2025

    For Admission

    Hon'ble Shri Justice M. M. Sathaye , Hon'ble Shri Justice A.S. Chandurkar

  26. 09-Jun-2025

    For Circulation

    Hon'ble Shri Justice M. M. Sathaye , Hon'ble Shri Justice A.S. Chandurkar

  27. 04-Apr-2025

    Hon'ble Shri Justice M. M. Sathaye,hon'ble Shri Justice A.S. ChandurkarView PDF

  28. 13-Mar-2025

    Hon'ble Shri Justice M. M. Sathaye,hon'ble Shri Justice A.S. ChandurkarView PDF

  29. 13-Mar-2025

    For Circulation

    Hon'ble Shri Justice M. M. Sathaye , Hon'ble Shri Justice A.S. Chandurkar

  30. 21-Feb-2025

    Hon'ble Shri Justice M. M. Sathaye,hon'ble Shri Justice A.S. ChandurkarView PDF

  31. 05-Feb-2025

    For Orders (Due Matters)

    Hon'ble Shri Justice M. M. Sathaye , Hon'ble Shri Justice A.S. Chandurkar

  32. 08-Jan-2025

    Hon'ble Shri Justice M. M. Sathaye,hon'ble Shri Justice A.S. ChandurkarView PDF

  33. 08-Jan-2025

    For Circulation

    Hon'ble Shri Justice Rajesh S. Patil , Hon'ble Shri Justice A.S. Chandurkar

  34. 09-Dec-2024

    Hon'ble Shri Justice Rajesh S. Patil,hon'ble Shri Justice A.S. ChandurkarView PDF

  35. 10-Apr-2024

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  36. 05-Mar-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  37. 05-Mar-2024

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  38. 06-Feb-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  39. 06-Feb-2024

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  40. 23-Jan-2024

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  41. 23-Jan-2024

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Somasekhar Sundaresan

  42. 06-Dec-2023

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Somasekhar SundaresanView PDF

  43. 06-Dec-2023

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice M. M. Sathaye

  44. 18-Oct-2023

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice M. M. SathayeView PDF

  45. 18-Oct-2023

    For Orders (Due Matters)

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice M. M. Sathaye

  46. 11-Sep-2023

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice M. M. SathayeView PDF

  47. 11-Sep-2023

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice M. M. Sathaye

  48. 10-Aug-2023

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice M. M. SathayeView PDF

  49. 10-Aug-2023

    For Circulation

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice M. M. Sathaye

  50. 20-Jul-2023

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice M. M. SathayeView PDF

  51. 20-Jul-2023

    First hearing

    Initial hearing scheduled

  52. 13-Jul-2023

    Case filed

    Registration No. WP/8842/2023

casestatus.in Summary

The Bombay High Court allowed Edelweiss Asset Reconstruction Company's writ petition and directed removal of state tax and excise department encumbrances from revenue records. The court held that under the Securitisation Act (as amended January 24, 2020), a secured creditor with CERSAI registration has priority over government dues, and the state's 2015 attachment order was invalid because it lacked the mandatory proclamation of sale required by law. This case analysis is maintained by casestatus.in based on publicly available court records.

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