ZUHAIR MOHAMEDALI MERCHANT vs IDFC BANK — WP/2406/2026

Case under Securitisation & Reconstruction of Finiancial Assets Act Section 226. Disposed: Contested--DISMISSED on 07th May 2026.

Case disposed

CNR: HCBM020116562026

Filing Number

WP/11656/2026

Filing Date

01-Apr-2026

Registration No

WP/2406/2026

Registration Date

12-May-2026

Judge

Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Farhan Parvez Dubash

Coram

Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Farhan Parvez Dubash

Bench Type

Division

Category

MERCANTILE LAWS COMMERCIAL TRANSACTIONS , BANKS ( 28 )

Sub-Category

Enforcement of Securities ( 102 )

Judicial Branch

Original

Decision Date

07-May-2026

Nature of Disposal

Contested--DISMISSED

Last updated 20-Jun-2026

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section 226

Petitioner(s)

  1. 1.ZUHAIR MOHAMEDALI MERCHANT

    Adv. Adv Hemali Merva

Respondent(s)

  1. 1.IDFC BANK

  2. 2.THE BOARD OF DIRECTORS OF THE IDFC FIRST BANK LTD.

  3. 3.AUTHORISED OFFICER, IDFC FIRST BANK LTD.

  4. 4.MURTUZA HUSSAIN KANCHWALA

    Adv. Shamim and Co

  5. 5.UNION OF INDIA REPRESENTED BY SEC. MINISTRY OF FINANCE DEPT. OF FINANCIAL SERVICES GOVT. OF INDIA

  6. 6.MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES

  7. 7.STATE OF MAHARASHTRA REPRESENTED BY CHIEF SECRETARY TO GOVT. OF MAHARASHTRA

  8. 8.THE GOVERNOR RESERVE BANK OF INDIA

  9. 9.INDO SAIGON CO-OPERATIVE HOUSING SOCIETY LTD.

  10. 10.ANIL DHIRAJLAL AMBANI

  11. 11.MUKESH DHIRAJLAL AMABANI

  12. 12.THE CHAIRMAN, STATE BANK OF INDIA

  13. 13.THE ATTORNEY GENERAL OF INDIA

Case History

  1. Case disposedDisposed

  2. 07-May-2026

    Hon'ble Shri Justice Manish Pitale,hon'ble Shri Justice Farhan Parvez DubashView PDF

    Case Summary: WP/11656/2026 Zuhair Mohamedali Merchant v. IDFC Bank (Bombay High Court, May 7, 2026) The Bombay High Court dismissed the writ petition filed by an MSME borrower seeking declarations that two Supreme Court judgments (Pro Knits v. Canara Bank and Shree Shree Swami Samarth Construction v. NKGSB Co-op Bank) were rendered per incuriam and should not bind lower courts. The court held that such relief challenging Supreme Court judgments cannot be entertained in writ jurisdiction and directed the petitioner to pursue appropriate remedies if aggrieved. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 07-May-2026

    Fresh Admission

    Hon'ble Shri Justice Manish Pitale , Hon'ble Shri Justice Farhan Parvez Dubash

  4. 01-Apr-2026

    Case filed

    Registration No. WP/2406/2026

casestatus.in Summary

Case Summary: WP/11656/2026 Zuhair Mohamedali Merchant v. IDFC Bank (Bombay High Court, May 7, 2026) The Bombay High Court dismissed the writ petition filed by an MSME borrower seeking declarations that two Supreme Court judgments (Pro Knits v. Canara Bank and Shree Shree Swami Samarth Construction v. NKGSB Co-op Bank) were rendered per incuriam and should not bind lower courts. The court held that such relief challenging Supreme Court judgments cannot be entertained in writ jurisdiction and directed the petitioner to pursue appropriate remedies if aggrieved. This case analysis is maintained by casestatus.in based on publicly available court records.

Explore other courts

District Courts Supreme Court
Search Another Case