M/S HAMARA PUMP RAHMAN RAINAPUR THRU. PROP. SUMAIYA RAHMAN,HARDOI AND 2 OTHERS v. DEBTS RECOVERY TRIBUNAL,LKO. AND 2 OTHERS
A227/937/2025 · 2025-02-18
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 124332 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 124332 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:10594 Court No. - 7 Case :- MATTERS UNDER ARTICLE 227 No. - 937 of 2025 Petitioner :- M/S Hamara Pump Rahman Rainapur Thru. Prop. Sumaiya Rahman,Hardoi And 2 Others Respondent :- Debts Recovery Tribunal,Lko. And 2 Others Counsel for Petitioner :- Dinesh Kumar Counsel for Respondent :- Alok Saxena Hon'ble Pankaj Bhatia,J.
1. Heard learned counsel for the petitioner, Sri Alok Saxena, learned counsel appearing on behalf of the respondent-Bank and perused the material available on record.
2. This petition has been filed by the petitioner with the following prayers:
" (i) Pass an order or directions to the opposite party no.-1 to expeditiously decide the Securitization Application No. 93 of 2024 M/s Hamara ump Rahman Rainapur vs A.O. State Bank of India U/s 17 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 before the opposite party no.-1 on dated 05.02.2024. (ii) Pass an order or directions not to hand over the physical possession of the mortgaged property in favour of opposite party no.-3, till the pendency of the Securitization Application No. 93 of 2024. (iii) Issue an order or directions to maintain Status- Quo till the disposal of the Securitization Application No. 93 of 2024 before the Opposite Party No.-1."
3. Considering the prayer nos. 2 & 3, the petitioner is permitted to file an appropriate application for interim directions as sought in the prayer nos. 2 & 3. In case, such an application is filed within a period of one week from today, the
same shall be expeditiously considered and decided within a further period of one month. With regard to prayer no. 1, the present petition is
disposed of with direction to endeavour to decide the matter expeditiously in accordance with law.
4. The petition is disposed of in terms of the above.
Order Date :- 18.2.2025 Arun Digitally signed by :- ARUN KUMAR High Court of Judicature at Allahabad, Lucknow Bench