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Aditya Birla Housing Finance Limited vs Ankit Jain
2026 Latest Caselaw 3048 MP

Citation : 2026 Latest Caselaw 3048 MP
Judgement Date : 26 March, 2026

[Cites 6, Cited by 0]

Madhya Pradesh High Court

Aditya Birla Housing Finance Limited vs Ankit Jain on 26 March, 2026

Author: Anand Pathak
Bench: Anand Pathak
         NEUTRAL CITATION NO. 2026:MPHC-GWL:10407




                                                             1                               WP-8751-2026
                             IN     THE      HIGH COURT OF MADHYA PRADESH
                                                   AT GWALIOR
                                                       BEFORE
                                         HON'BLE SHRI JUSTICE ANAND PATHAK
                                                          &
                                       HON'BLE SHRI JUSTICE PUSHPENDRA YADAV
                                                 ON THE 26th OF MARCH, 2026
                                                WRIT PETITION No. 8751 of 2026
                                        ADITYA BIRLA HOUSING FINANCE LIMITED
                                                       Versus
                                               ANKIT JAIN AND OTHERS
                          Appearance:
                                  Shri Mallikarjun Khare - Advocate for the petitioner through Video
                          Conferencing.
                                  Shri Ravindra Dixit - Government Advocate for respondents No.7 and
                          8/State

                                                                 ORDER

Per: Justice Anand Pathak

The petitioner company has preferred the present petition under Article 226 of the Constitution of India seeking following reliefs:-

"i) Direct the Respondent No.7 to comp;ly with the order dated 03.10.2023 by the Additional District Magistrate Vidisha, Madhya Pradesh (Annexure P/2).

ii. This Hon'ble Court may be pleased to pass such further order or orders as this Hon'ble Court may deem fit.

iii. Cost of this proceeding may kindly be awarded.

NEUTRAL CITATION NO. 2026:MPHC-GWL:10407

2 WP-8751-2026

2. Facts of the case are that petitioner/Aditya Birla Housing Finance Ltd. has landed money/loan to the borrowers and they committed default in paying the same, therefore, proceedings under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (For brevity "SARFAESI Act") were initiated against them. However, as per Sections 13 & 14 of the SARFAESI Act, possession of the secured assets has not been handed over.

3. At the out set, learned counsel for the petitioner referred the order dated 27-02-2024 passed by the Coordinate Bench of this Court in a bunch of writ petitions, in which Writ Petition No.2078 of 2023 (IIFL Home Finance Ltd. Vs. The State of M.P. and Others)Vs. The State of M.P. and Others)

was the leading case and seeks parity. He prays that directions issued in those bunch of petitions shall be issued in the present case also.

4. Learned counsel for the respondents/State fairly submits that respondents shall proceed in accordance with law. However, he submits that looking to the drive undertaken by Municipal Corporation, Gwalior for Green Gwalior - Clean Gwalior under "Swaccha Bharat Mission", a fund has been created in this regard. Therefore, if the petitioner also contributes voluntarily, then it would be a welcome gesture on the part of the petitioner company.

5. Considering the request, counsel for the petitioner company fairly submits that he shall contribute its social obligation and undertakes to deposit Rs.5,000/- (Rupees Five Thousand) voluntarily in the Account of Nagar Nigam Gwalior (Swachhata Penalty Evam Garbage) bearing Account

NEUTRAL CITATION NO. 2026:MPHC-GWL:10407

3 WP-8751-2026 No.4051626318 of Kotak Mahindra Bank, Branch Gwalior (IFSC Code :

KKBK0005927).

6. Appreciating the gesture, petitioner is permitted to do so voluntarily.

7. Heard.

8. In the case of IIFL Home Finance Ltd. (supra), certain directions were given to the District Administration/Collector to ensure compliance of provisions as contained in the SARFAESI Act. Those directions for ready reference are reiterated as under:-

"1.(a) Petitioners, seeking completion of proceedings and order to be passed under Section 14 of the SARFAESI Act by the Collector, shall approach the Collector with the order passed today to complete the proceedings expeditiously and pass order under Section 14 of the SARFAESI Act as well as for timely execution of the order.

1.(b) The Collector shall pass the order under Section 14 of the SARFAESI Act as early as possible preferably within four weeks from the date of submission of certified copy of this order. Thereafter, the Collector shall ensure execution of the order in a time bound programme as directed by the Divisional Commissioner.

2.(a) Petitioners, seeking execution of the order passed under Section 14 of the SARFAESI Act by the respective Collector, shall approach the Collector with the order passed today for timely execution of the order passed under Section 14 of the SARFAESI Act.

2.(b) The concerned Collector shall adhere to a time bound schedule for expeditious execution of the order passed under Section 14 of the SARFAESI Act.

NEUTRAL CITATION NO. 2026:MPHC-GWL:10407

4 WP-8751-2026

3. In all such cases, where DRT has passed interim orders against proceedings initiate under Section 13(2) and/ or 13(4) of the SARFAESI Act, the Collector shall defer action under Section 14 of the SARFAESI Act till such interim orders are modified or vacated facilitating completion of proceedings under Section 14 of the SARFAESI Act or the execution of orders passed under Section 14 of the SARFAESI Act."

9 . Considering the submissions advanced, this writ petition is disposed of with a direction to the District Administration/Collector to ensure compliance of the directions as issued in the earlier bunch of writ petitions referred above and do the needful as sought by the petitioner/Aditya Birla Housing Finance Limited in accordance with law.

10. Looking to the fact that the order was passed by Additional District Magistrate, Vidisha on 03.10.2023 and concerned Tahsildar had to comply the said order without fail on an urgent note, but he failed to do so. Therefore, he is directed to do the needful within one month to avoid any adversity.

11. With the aforesaid, the writ petition stands disposed of.

                                   (ANAND PATHAK)                               (PUSHPENDRA YADAV)
                                       JUDGE                                           JUDGE
                          (alok)

 
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