IIFL Finance Limited vs Gundecha Estates Private Limited

906-ial-8659-2025.doc jsn IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL JURISDICTION INTERIM APPLICATION (L) NO.16800 OF 2025 JITENDRA SHANKAR IN NIJASURE 1. Gundecha Estates Pvt. Ltd. …Plaintiff Versus IIFL Finance Ltd. & Ors. …Defendants WITH INTERIM APPLICATION (L) NO.17138 OF 2025 IN COMM SUIT (L) NO.8617 OF 2025 Phoenix ARC Private Ltd. … Applicant / Ori. Defendant No.8 Gundecha Estates Pvt. Ltd. …Plaintiff Versus IIFL Finance Ltd. & Ors. …Defendants ---------- Mr. Aspi Chinoy, Senior Counsel, Mr. Aditya Miskita, Mr. Arun Panickar and Mr. Vinay Nair for the Plaintiff and Applicant in Interim Application (L) No.8659 of 2025. Mr. Ashish Kamat, Senior Counsel and Mr. Apoorva Kulkarni, i/b. Mr. Ashwin Pimpale for Defendant No.1 / Applicant in IAL No.16800 of 2025. Mr. Nishant Chotani with Mr. Vipul Patel i/b. Haresh Mehta and Co. for Defendant Nos.2 to 7. Mr. Gaurav Joshi, Senior Counsel with Ms. Chitra Rentala, Mr. 1/32 906-ial-8659-2025.doc Parikshith K and Ms. Priyanka Vishnoi i/b. Trilegal for Defendant No.8 / Applicant in IAL No.17138 of 2025. ---------- CORAM : R.I. CHAGLA J. DATE : 17TH JULY, 2025. ORDER : 1. By the Interim