L AND T FINANCE LTD (FORMERLY KNOWN AS L AND T HOUSING FINANCE LTD) vs SANGEETA BHANSALI (BORROWER) AND ANR

Judgment text excerpt

KVM 1/11 COMEX 5277 OF 2022.doc f Digitally KANCHAN signed by KANCHAN VINOD IN THE HIGH COURT OF JUDICATURE AT BOMBAY VINOD MAYEKAR MAYEKAR Date: 2026.01.19 19:34:16 +0530 ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL EXECUTION APPLICATION (L) NO. 5277/2022 ALONGWITH INTERIM APPLICATION NO. 1950/2022 IN COMMERCIAL EXECUTION APPLICATION (L) NO. 5277/2022 L & T Finance Ltd. ) (Formerly Known As L & T Housing ) Finance Ltd) ) Having its registered office at ) Brindavan, Plot No. 177, CST Road, ) Kalina Santacruz (East), ) Mumbai – 400 098 ) HEAD OFFICE AT ) th 15 floor, Rupa Solitaire, Office Nos. 1508 ) and 1509, Building No.A-1, Sector -1, ) Mahape, Millennium Business Park, ) Navi Mumbai – 400 710 ) BRANCH OFFICE ) th 5 floor, DCM Building, ) 16 Barakhamba Road Connaught Place, ) New Delhi – 110 001 ) ….. Applicant (Judgment Creditor) VS 1) Sangeeta Bhansali (Borrower) ) A-102, B Wing, Juhu Trishul Building, ) Gulmohar Cross Road No.6, JVPD Scheme, ) Vile Parle (W), Mumbai ) 2) Aditya Bhansali (Co-borrower) ) A-102, B Wing, Juhu Trishul Building, ) Gulmohar Cross Road No.6, JVPD Scheme, ) Vile Parle (W), Mumbai ) ….. Respondents (Judgment Debtor) This judgment is corrected pursuant to Speaking to minutes of order dated 19.1.2026. KVM 2/11 COMEX 5277 OF 2022.doc Adv. Disha Karambar i/b. Disha Karambar & Associates for the Applicant. Adv. Abhishek Sawant a/w. Adv. Vaishali Sanghavi, Adv. Pratik Shetty, Adv. Ameet Mehta i/b. M/s.Solicis Lex for the Respondent. Adv. Rubin Vakil – Amicus Curiae is present. CORAM : RAJESH S. PATIL, J. RESERVED ON : 14 JANUARY, 2026 PRONOUNCED ON : 17 JANUARY, 2026 JUDGMENT :- 1) The dispute between the parties is arising out of Loan Agreements. The Respondent no. 1 is Borrower who had approached and applied for mortgaged loan facilities fro