# DWARKA IRON INDUSTRIES PVT LTD vs COMPETENT AUTHORITY (UNDER MPID ACT 1999) AND ANR

Court: Bombay High Court
Date: 2026-06-08
Citation: WP/5272/2025
Petitioner: DWARKA IRON INDUSTRIES PVT LTD
Respondent: COMPETENT AUTHORITY (UNDER MPID ACT 1999) AND ANR

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6ImtnMjBFeGNBbXlQQTZMWmE3QXVLR1E9PSIsInZhbHVlIjoiNzNMdytZUk5WR0l6TU5HK2lQb0I3ckJDb1NjejZOdW5vb1dZZkJtazhpL1hLMGVnVTllKzZQTm9HSzZOLzZpd2RUVnFBUkdLMzJWNlVUQkRYNnNXTkE9PSIsIm1hYyI6IjVlZDQ5ZTVhNDBiYmNhZjhhYjJjMDIwZjkyZTc2NDE2NWYwZTYxMGFjOTcwYTBmZTQ1MDExMDUyM2Q1NjQ0Y2MiLCJ0YWciOiIifQ==?expires=1782737383&signature=667c896a1b964bbb075d43b51858b2bf5af66d9e9e8cf6ce4f078cf4654034c6)

## Judgment text (excerpt)

bipin prithiani 1 wp-5272.25.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 5272 OF 2025 Dwarka Iron Industries Pvt. Ltd. … Petitioner Versus Competent Authority (under MPID Act, 1999) & Anr. … Respondents ****** Mr. Ashish Kamat, Senior Advocate, a/w Mr. Subir Kumar, Ms. Vaishnavi Pawar, Ms. Ashita Aggarwal i/by SDS Advocates for Petitioner. Mr. B. V. Samant, Addl. G. P., a/w Ms. P. J. Gavhane, AGP for Respondent Nos.1 and 2-State. ****** CORAM : MANISH PITALE AND SHREERAM V. SHIRSAT, JJ. RESERVED ON : 17th APRIL 2026 PRONOUNCED ON : 8th JUNE 2026 Judgment (Per Manish Pitale, J.) : . This petition raises questions pertaining to Section 32A of the Insolvency and Bankruptcy Code, 2016 (IBC) in the context of the provisions of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act). The petitioner is seeking quashing of a notification dated 19.03.2016 issued by the respondent No.1 i.e. the Competent Authority under the MPID Act in respect of a property belonging to a corporate debtor. The respondent No.2-State is opposing the prayer made in the present application, inter alia, on the ground 

https://niyam.ai/judgements/high-court/2026/june/dwarka-iron-industries-pvt-ltd-vs-competent-authority-under-mpid-act-1999-and-anr