# HUBTOWN LIMITED vs ASHOK COMMERCIAL ENTERPRISES

Court: Bombay High Court
Date: 2026-01-21
Citation: IAL/27175/2021
Petitioner: HUBTOWN LIMITED
Respondent: ASHOK COMMERCIAL ENTERPRISES

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IkI2Mk93S1FmbnptemYrRVh6RERGOWc9PSIsInZhbHVlIjoiQ0QrVVFGb2E3N25Ic0I2cTdlZ0VNRjFuSnJ1a1dkb0huNnZqVitUOGtKb2ZtVWJlZGVyc0RoaVVlN2VLcTQwekNxRmd1QnRtRk9qcnNlWTV4UjVvQXc9PSIsIm1hYyI6IjgzYzVkYTUwNTJhNWZlZTc5ZjBkMzc4OWI3MjczYWU0NzFmMzE5OTJiNTRlNjhlYzg0NmYwYTRmNjZhOGVlZDkiLCJ0YWciOiIifQ==?expires=1782770163&signature=2b3b90619b0b524351c2ea0d13d7214dd666f5002bd37c26ac1481b35260b5c0)

## Judgment text (excerpt)

901-IA(L)-27175-2021.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY rrpillai ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION (L) NO. 27175 OF 2021 IN COMMERCIAL SUIT NO. 1532 OF 2018 Hubtown Limited … Applicant In the matter between … Plaintiff Ashok Commercial Enterprises Vs. Hubtown Limited … Defendant Mr. Navroz Seervai, Senior Advocate a/w Mr. Prateek Sakseria, Senior Advocate a/w Mr. Nishit Dhruva, Mr. Yash Dhruva, Ms. Niyati Mechant, Mr. Harsh Sheth i/b MDP Legal for the Applicant in IA(L)/27175/2021/Defendant. Mr. Gaurav Joshi, Senior Advocate a/w Mr. Gaurav Mehta, Mr. Chaitanya D. Mehta, Ms. Sonali Aggarwal i/b M/s. Dhruve Liladhar & Co. for the Plaintiff. CORAM : GAURI GODSE, J. RESERVED ON : 16th OCTOBER 2025 PRONOUNCED ON : 21st JANUARY 2026 JUDGMENT: BASIC FACTS: 1. This application is filed by the defendant under Order VII 2. The submissions made by learned senior counsel for the defendant are summarised as under: a) As per the pleadings in the plaint, the plaintiff is engaged in the business of builder finance and claims to have advanced loans to the defendant from 2011-2012 at interest rates up to 36% per annum. The plaintiff has pleaded that a loan was grant

https://niyam.ai/judgements/high-court/2026/january/hubtown-limited-vs-ashok-commercial-enterprises