Sailam B.V.B.A. vs M/S. Helious Jewellery Pvt.Ltd.And 4 ...

ik-195843430 Bombay High Court 6 March 2026 • 31 min read

Judges (1)

R.I. Chagla Delivered

Counsel (10)

Jayakar & Partners Firm Tushar Goradia Firm Archit Jayakar Counsel Applicant Aseem Naphade Counsel Respondent Karl Tamboly Counsel Respondent Kausar Banatwala Counsel Respondent Kshitij Abbhi Counsel Applicant Pooja Yadav Counsel Applicant Rohaan Cama Counsel Applicant Yash Sheth Counsel Respondent

Parties (3)

Helious Jewellery Pvt. Ltd. Respondent Sailam B.V.B.A. Applicant Kailash Ashok Jogani Respondent

Case Significance

Sailam B.V.B.A. vs M/S. Helious Jewellery Pvt.Ltd.And 4 ... is a Bombay High Court decision dated March 6, 2026 (citation: ik-195843430). The judgment creditor (Sailam BVBA, a Belgian entity) sought garnishee proceedings to attach a loan of Rs 4,00,36,551 allegedly owed by a garnishee to the judgment debtor (Helious Jewellery), and also sought arrest and detention of the judgment debtor's director for transferring assets post-filing of suit. The key issue was whether there was a valid and subsisting debt owed by the garnishee to the judgment debtor. The Chamber Summons was dismissed, the court finding no valid subsisting debt f The case was heard by Justice R.I. Chagla.

Summary

The judgment creditor (Sailam BVBA, a Belgian entity) sought garnishee proceedings to attach a loan of Rs 4,00,36,551 allegedly owed by a garnishee to the judgment debtor (Helious Jewellery), and also sought arrest and detention of the judgment debtor's director for transferring assets post-filing of suit. The key issue was whether there was a valid and subsisting debt owed by the garnishee to the judgment debtor. The Chamber Summons was dismissed, the court finding no valid subsisting debt from the garnishee, and the application for stay was also rejected.

What was the outcome of Sailam B.V.B.A. vs M/S. Helious Jewellery Pvt.Ltd.And 4 ...?

The judgment creditor (Sailam BVBA, a Belgian entity) sought garnishee proceedings to attach a loan of Rs 4,00,36,551 allegedly owed by a garnishee to the judgment debtor (Helious Jewellery), and also...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-195843430)