JAYPRAKASH PUNDALIKRAO BAVISKAR vs EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED AND ANR — IA/12221/2025

Case under Securitisation & Reconstruction of Finiancial Assets Act Section 226. Disposed: --Allowed on 18th April 2026.

Case disposed

CNR: HCBM010364322025

Filing Number

IA/23134/2025

Filing Date

07-Jul-2025

Registration No

IA/12221/2025

Registration Date

03-Oct-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

EXCISE ( 36 )

Judicial Branch

Civil

Decision Date

18-Apr-2026

Nature of Disposal

--Allowed

Last updated 22-Apr-2026

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section 226

Petitioner(s)

  1. 1.JAYPRAKASH PUNDALIKRAO BAVISKAR

    Adv. Rahul D Salve

Respondent(s)

  1. 1.EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED AND ANR

Case History

  1. Case disposedDisposed

  2. 18-Apr-2026

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

    Summary The Bombay High Court allowed Edelweiss Asset Reconstruction Company's writ petition, directing the State of Maharashtra to withdraw excise and sales tax encumbrances from revenue records. The court held that a secured creditor's CERSAI registration dating to April 2018 has priority over state tax attachments recorded later in September 2018, particularly because the State failed to complete proper attachment procedures (proclamation of sale) as required under law, making the state's encumbrance baseless. 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 -

    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

    For Orders (Due Matters)

    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

    First hearing

    Initial hearing scheduled

  18. 10-Nov-2025

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

  19. 07-Oct-2025

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

  20. 15-Jul-2025

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

  21. 07-Jul-2025

    Case filed

    Registration No. IA/12221/2025

casestatus.in Summary

Summary The Bombay High Court allowed Edelweiss Asset Reconstruction Company's writ petition, directing the State of Maharashtra to withdraw excise and sales tax encumbrances from revenue records. The court held that a secured creditor's CERSAI registration dating to April 2018 has priority over state tax attachments recorded later in September 2018, particularly because the State failed to complete proper attachment procedures (proclamation of sale) as required under law, making the state's encumbrance baseless. This case analysis is maintained by casestatus.in based on publicly available court records.

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