IL AND FS FINANCIAL SERVICES LIMITED. vs SERVEALL CONSTRUCTIONS PRIVATE LIMITED. AND 3 ORS.

Judgment text excerpt

2026:BHC-OS:8100 1-SJ-12-2019.docx Swapnil IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMONS FOR JUDGMENT NO. 12 OF 2019 IN COMMERCIAL SUMMARY SUIT NO. 238 OF 2019 IL & FS Financial Services Limited ...Applicant (Org. Plaintiff) IN THE MATTER BETWEEN IL & FS Financial Services Limited, a Company incorporated under the provisions of the Companies Act, 1956 and having its Registered Officer at the IL & FS Financial Centre, Plot C-22, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. ...Plaintiff VERSUS 1. Serveall Constructions Private Limited, A-20, Kailash Colony, New Delhi – 110 048. Also at : HDIL Towers, 9th Floor, Anant Kanekar Marg, Station Road, Bandra (E), Mumbai 400 051. 2. Housing Development and Infrastructure Limited, 9-01, HDIL Towers, Anant Kanekar Marg, Bandra East, Mumbai – 400 051. 1/38 1-SJ-12-2019.docx 3. Mr. Rakesh Wadhawan, Wadhawan House, Plot No. 32/A, Union Park Road, Bandra (W), Mumbai – 400 050. Also at : HDIL Towers, 9th Floor, Anant Kanekar Marg, Station Road, Banra (E), Mumbai 400 051. 4. Mr. Sarang Wadhwan, Wadhwan House, Plot No. 32/A, Union Park Road, Bandra (W), Mumbai – 400 050. Also at: HDIL Towers, 9th Floor, Anant Kanekar Marg, Station Road, Banra (E), Mumbai 400 051. ...Defendants Mr. Rohan Savant, Mr. Aman Saraf a/w. Mr. Sachin Chandarana and Ms. Aishwarya Mehta i/b. Manilal Kher Ambalal and Co., for the Plaintiff. CORAM : GAURI GODSE J. RESERVED ON: 2nd DECEMBER 2025 PRONOUNCED ON: 6th APRIL 2026 JUDGMENT: 1. This summary suit is filed to recover a sum of Rs. 203,66,31,506/- arising out of and in respect of the term loan facilities, availed by defendant no.1 and guaranteed by 2/38 1-SJ-12-2019.docx defendant nos. 2 to 4. Pursuant to a query made by the court as recorded in order date