PRYSMIAN CAVI E SISTEMI S.R.I.(FORMERLY KNOWN AS PRYSMIAN CAVI E SISTEMI ENERGIA S.R.I) vs VIJAY KARIA AND 76 ORS.

Judgment text excerpt

1. COMEX 21-21.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL EXECUTION APPLICATION NO. 21 OF 2021 Prysmian Cavi E Sistemi S.R.I (formerly known as Prysmian Cavi E Sistemi Energia S.R.I.) … Applicant Versus Vijay Karia and others … Respondents WITH CHAMBER SUMMONS NO. 327 OF 2019 INTERIM APPLICATION NO. 1401 OF 2021 INTERIM APPLICATION (L) NO. 16939 OF 2023 IN COMMERCIAL EXECUTION APPLICATION NO. 21 OF 2021 Mr. Darius Khambata, Senior Advocate, Mr. Zubin Behramkamdin, Senior Advocate alongwith Mr. Tushar Hathiramani, Ms. Sneha Jaisingh, Ms. Jaidhara Shah and Ms. Neeraja Barve instructed by Bharucha & Partners, Advocates for the Applicant. Mr. Vikram Nankani Senior Advocate alongwith Mr. Yash Momaya alongwith Mr. Ayush Khandelwal and Ms. Kritika Mundra instructed by TRD associates, Advocate for the Respondents No. 1,5 to 7, 9, 58A, 61, 65 and 66. Dr. Birendra Saraf Senior Advocate a/w. Mr. Manthan Undakat i/b. Undakat & Co. Advocates for Respondents No. Respondent Nos. 3, 4, 11 to 18, 46 to 48 & 77. Mr. Karl Tamboly alongwith Mr. Ayush Khandelwal and Ms. Kritika Mundra instructed by TRD Associates, Advocate for the Respondents No. 20,22,23,25,27,28,31 to 34, 36 to 42, 22, 25, 50 to 57, 64 and 73. Mr. Swayam Chopda, OSD to the Court Receiver and Ms. Nandini Deshpande, 1st Assistant to the Court Receiver. Mr. Ganesh Murthy i/b K.V. Aiyar & Associates Advocates for Applicants in IA/147/2025 None for the Respondents No. 21,24 and 26. CORAM : ABHAY AHUJA, J. RESERVED ON : 11th NOVEMBER 2025 PRONOUNCED ON : 6th FEBRUARY 2026 Digitally signed by NIKITA NIKITA YOGESH YOGESH GADGIL Nikita Gadgil/AVK 1/93 GADGIL Date: 2026.02.20 19:27:57 +0530 1. COMEX 21-21.doc JUDGMENT:- 1. The present Execution Application has been filed by the App