1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION CIVIL APPELLATE JURISDICTION CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 2044 OF 2004 WRIT PETITION NO. 2044 OF 2004 WRIT PETITION NO. 2044 OF 2004 Dinesh U. Raka ... Petitioner Versus Union of India and Ors. ... Respondents Mr. A.R. Shaikh i/by V.Z. Kankaria for Petitioner. Mr. Y.S. Bhate with Mr. Rajiv Chavan i/by S.S. Sarkar for R. No. 1. CORAM : F.I. REBELLO & CORAM : F.I. REBELLO & CORAM : F.I. REBELLO & DR.D.Y.CHANDRACHUD,JJ. DR.D.Y.CHANDRACHUD,JJ. DR.D.Y.CHANDRACHUD,JJ. DATED : MARCH 03, 2006 DATED : MARCH 03, 2006 DATED : MARCH 03, 2006 P.C. . The provisions of the Securitization Act have been upheld by the Supreme Court. The main relief in the Petition which was to challenge the validity of the Act, therefore, does not survive. Under the Act it will be open to the Petitioner to take recourse to the remedies available under the Act. In order to enable the Petitioners to seek recourse to the remedies under the Act, the impugned order dated 18.3.2004 shall continue to remain in operation for the period of four weeks from today. Rule discharged. 2 (F.I. REBELLO,J.) (F.I. REBELLO,J.) (F.I. REBELLO,J.) (DR. D.Y. CHANDRACHUD,J.) (DR. D.Y. CHANDRACHUD,J.) (DR. D.Y. CHANDRACHUD,J.)