SAHJUNIMPEX TRADING PVT.LTD vs PATHEJA FORGINGS AND AUTO PARTS MARNUFACTURING LTD (IN LIQN)

Judgment text excerpt

Digitally signed by MEERA 4-CAC-506-18 MEERA MAHESH MAHESH JADHAV JADHAV Date: 2026.02.09 19:31:11 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 506 OF 2018 IN COMPANY PETITION NO. 65 OF 1999 M/s. Sahjun Impex Trading Pvt Ltd. ...Applicant In the matter between KSL & Industries Ltd. ...Petitioner Versus Patheja Forgings & Auto Parts Manufacturing Ltd. ...Respondent _______ Mr. Zubin Behramkamdin, Sr. Advocate a/w. Mr. M. Damania, Ms. Sakshi Kashyap i/b. Ms. Kaizeen Mistry, for the Applicant. Mr. Siddharth Samantray a/w. Mr. Vinod Kothari a/w. Mr. Kshitij Parekh i/b. Apex Law Partners for IFCI – Intervenor. Mr. Manoj Vishwakarma a/w. Ms. Vishakha B. i/b. MKV Juris, for the Workmen. Ms. Niyati Merchant i/b. MDP Legal, for Omkara ARC -Intervenor. Mr. Ranjeev Carvalho, for the Official Liquidator. Mr. Satyajit Roul, Official Liquidator, and Mr. Anil Bhagure, Dy. Official Liquidator, present. _______ CORAM : ARIF S. DOCTOR, J. RESERVED ON : 30th JANUARY 2026 PRONOUNCED ON : 3rd FEBRUARY 2026 P.C. 1. The Applicant has, by way of the present Company Application, sought 1 of 28 Meera Jadhav This order is corrected pursuant to the speaking to the minutes of order dated 9th February 2026 4-CAC-506-18 the transfer of the captioned Company Petition to the National Company Law Tribunal (“NCLT”) Mumbai under the provisions of Section 434(1)(c) of the Companies Act, 2013 (“the Companies Act”). Submissions on behalf of the Applicant: 2. Mr. Behramkamdin, Learned Senior Counsel appearing on behalf of the Applicant, at the outset submitted that the Applicant had acquired various debts of the Company in liquidation from the erstwhile financial creditors and now represented more than 50% of the total financial debt owed by the