Axis Finance Limited v. Priyanka Shukla and Anr

O R D E R %

14.11.2025

¶1These petitions relate to an action against the home buyer at the instance of the financial institutions. This is a digitally signed order. 2. The Supreme Court, in its order dated 15.07.2024, has passed the following orders: "1. Permission to file Special Leave Petition (s) is granted.

¶2Delay condoned.

¶3Application(s) filed by the petitioner(s) for deletion of names of respondent(s) are allowed.

¶4Application(s) for substitution to bring on record Lrs. of deceased respondent(s) are allowed.

¶5Cause title be amended accordingly.

¶6Issue notice, returnable on 27.09.2024,

¶7Dasti, in addition, is permitted.

¶8Learned counsel for the petitioner(s) to take appropriate steps for effecting service on all the respondent(s).

¶9In the meantime, there shall be interim stay in all the matters, to the effect that no coercive action including complaint under section 138 of the Negotiable Instruments Act, 1881 shall be entertained on behalf of the Banks/Financial Institutions or Builders/Developers against the home buyers.

¶10Most of the Financial Institution(s)/Bank(s) have filed their Counter Affidavit(s). For those who are yet to file their Counter Affidavit(s), a last opportunity is granted to do the needful within two weeks.

¶11Similarly, the respondent-Builders/Developers are also granted two weeks' time to file reply affidavit including details of their assets, failing which, we shall be constrained to take coercive action to secure their presence."

¶3In view of the aforesaid, at this stage, these petitions are not maintainable. They are, accordingly, dismissed.

PURUSHAINDRA KUMAR KAURAV, J NOVEMBER 14, 2025/P/AMG This is a digitally signed order.

* IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1729/2025 AXIS FINANCE LIMITED .....Petitioner Through: Mr. Rahul Narayan, Mr. Himanshu, Ms. Zoya Junaid, Mr. Rushab Chopra and Ms. Priyanka, Advs. versus PRIYANKA SHUKLA AND ANR .....Respondents Through: None. O-28 + ARB.P. 1731/2025 AXIS FINANCE LIMITED .....Petitioner Through: Mr. Rahul Narayan, Mr. Himanshu, Ms. Zoya Junaid, Mr. Rushab Chopra and Ms. Priyanka, Advs. versus PRADEEP KUMAR MISHRA AND ANR .....Respondents Through: Mr. Anshul Gupta and Mr. Rishabh Darira, Advs. CORAM: HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV