IIFL Finance Limited vs Gundecha Estates Private Limited

Judgment text excerpt

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 Digitally signed by COMM SUIT (L) NO.8617 OF 2025 JITENDRA SHANKAR NIJASURE Date: 2025.07.25 15:12:46 +0530 IIFL Finance Ltd. & Ors. … Applicant / Ori. Defendant No.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 Applications, the Applicant / Defendant No.1 and Applicant / Defendant No.8 are seeking rejection of the Plaint under Order VII Rule 11 of the Code of Civil Procedure, 1908 for non-compliance of the requirement of pre-institution mediation under Section 12A of the Commercial Courts Act, 2015 (“the 2015 Act”). 2. The Commercial Suit has been filed by the Plaintiff inter alia seeking a declaration that the Indenture of Mortgage date