KOTAK MAHINDRA BANK LIMITED vs YASHOVARDHAN ASHOKVARDHAN BIRLA — WP/2083/2026

Case under Securitisation & Reconstruction of Finiancial Assets Act Section 226. Disposed: Contested--DISPOSED OFF on 23rd April 2026.

CNR: HCBM020122152026

CASE DISPOSED

Filing Number

WP/12215/2026

Filing Date

06-04-2026

Registration No

WP/2083/2026

Registration Date

28-04-2026

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

Original

Decision Date

23rd April 2026

Nature of Disposal

Contested--DISPOSED OFF

Acts & Sections

Securitisation & Reconstruction of Finiancial Assets Act Section 226

Petitioner(s)

KOTAK MAHINDRA BANK LIMITED

Adv. Medha Rane

Respondent(s)

YASHOVARDHAN ASHOKVARDHAN BIRLA

SHEARSON INVESTMENTS AND TRADING CO. PVT LTD.

NIRVAN BIRLA

Adv. T N Tripathi

UNION OF INDIA THROUGH MINISTRY OF FINANCE

Orders

23-04-2026
HON'BLE SHRI JUSTICE MANISH PITALE,HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT

The Bombay High Court directed the Debt Recovery Tribunal-II, Mumbai to expeditiously dispose of Transfer Original Application No. 1816 of 2016 along with all pending interlocutory applications by August 31, 2026. Kotak Mahindra Bank agreed to withdraw its pending appeal before the Debt Recovery Appellate Tribunal to facilitate this consolidated disposal, with parties directed to cooperate and avoid unnecessary adjournments. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

The Bombay High Court directed the Debt Recovery Tribunal-II, Mumbai to expeditiously dispose of Transfer Original Application No. 1816 of 2016 along with all pending interlocutory applications by August 31, 2026. Kotak Mahindra Bank agreed to withdraw its pending appeal before the Debt Recovery Appellate Tribunal to facilitate this consolidated disposal, with parties directed to cooperate and avoid unnecessary adjournments. This case analysis is maintained by casestatus.in based on publicly available court records.

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