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2025 DAILYLAW 120439 (ALL)

M/S NEW CALCUTTA SWEETS THRU. PRO. VIRENDRA KUMAR GUPTA AND ANOTHER v. UNION OF INDIA,MINISTRY OF FINANCE DEPTT. OF FINANCIAL SERVICES THRU. SECY. AND 2 OTHERS

A227/533/2025 · 2025-02-06

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:7696 Court No. - 7 Case :- MATTERS UNDER ARTICLE 227 No. - 533 of 2025 Petitioner :- M/S New Calcutta Sweets Thru. Pro. Virendra Kumar Gupta And Another Respondent :- Union Of India,Ministry Of Finance Deptt. Of Financial Services Thru. Secy. And 2 Others Counsel for Petitioner :- Jyoti Rajpoot,Gaurav Gupta,Vijay Prakash Chaurasia Counsel for Respondent :- A.S.G.I.,Manish Misra Hon'ble Pankaj Bhatia,J. 1. Heard learned Counsel for the petitioner as well as Sri Ashish Sinha, who has filed Vakalatnama on behalf of opposite party no.3. The Vakalatnama is taken on record. 2. The present petition has been filed with the following prayer: "i) Direction to the concerned court (Opposite Party no.2) for expeditious disposal of Interim Relief Application in Securitization Application No. 8/2025 filed Under Section- 17 SARFAESI Act (M/s New Calcutta and another vs Union Bank of India) pending before Ld. Debts Recovery Tribunal Lucknow/Opposite party no.2, on day to day hearing within a prescribed time as set by this Hon'ble court, in the interest of justice." 3. Considering the fact that the matter is pending before the DRT, the present petition is disposed off giving liberty to the petitioner to move an appropriate application for urgent hearing of the IR application. In case, such an application is filed, the DRT shall endeavour to decide the IR application in accordance with law with all expedition preferably within a period of two months from the date of production of a certified copy of this order. Order Date :- 6.2.2025 akverma Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench