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2025 DAILYLAW 117847 (ALL)

MRS. REKHA NIGAM AND ANOTHER v. DEBT RECOVERY TRIBUNAL THRU. REGISTRAR LKO. AND ANOTHER

A227/207/2025 · 2025-01-21

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:3716 Court No. - 7 Case :- MATTERS UNDER ARTICLE 227 No. - 207 of 2025 Petitioner :- Mrs. Rekha Nigam And Another Respondent :- Debt Recovery Tribunal Thru. Registrar Lko. And Another Counsel for Petitioner :- Amol Kumar Srivastava,Shivang Dwivedi Counsel for Respondent :- Kapish Srivastava Hon'ble Pankaj Bhatia,J. 1. Heard learned counsel for the petitioners and Shri Amit Sharma, learned counsel appearing for respondent No.2. 2. The present petition has been filed by the petitioner aggrieved against the action of the Bank initiated under the SARFAESI Act. The petitioner has already filed securitization application under the SARFAESI Act to avail the remedies, which is said to be pending. 3. The contention of learned counsel for the petitioner is that interim application is not being decided and likelihood respondent will take possession. 4. In view thereof, the present petition is disposed of directing the DRT, Lucknow to decide the interim application filed by the petitioner in S.A. No.730 of 2024 within a period of 10 days from today. The DRT, Lucknow shall also endeavour to decide the entire Securitization Appeal itself with all expedition. Order Date :- 21.1.2025 Ashutosh Digitally signed by :- ASHUTOSH PANDEY High Court of Judicature at Allahabad, Lucknow Bench Digitally signed by :- ASHUTOSH PANDEY High Court of Judicature at Allahabad, Lucknow Bench