S.B.M. CORPORATION PVT. LTD. THRU. DIRECTOR MRS. KRISHNA AGARWAL v. INDIAN BANK (PRE. KNOWN AS ALLAHABAD BANK ) THRU. AUTH. OFFICER AND 2 OTHERS
WRIC/2634/2025 · 2025-03-26
Om Prakash Shukla, Rajan Roy
body2025
DailyLaw.ai
[ 2025 DAILYLAW 128468 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 128468 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:17302-DB Court No. - 2 Case :- WRIT - C No. - 2634 of 2025 Petitioner :- S.B.M. Corporation Pvt. Ltd. Thru. Director Mrs. Krishna Agarwal Respondent :- Indian Bank (Pre. Known As Allahabad Bank ) Thru. Auth. Officer And 2 Others Counsel for Petitioner :- Jitendra Saksena Counsel for Respondent :- Ashok Kumar Singh Hon'ble Rajan Roy,J. Hon'ble Om Prakash Shukla,J. Sri Sharad Kumar Shukla, Advocate and Sri Ravindra Singh, Advocate have filed their power on behalf of the Bank, which is taken on record. Heard. A notice dated 06.02.2025 in respect of recovery proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been challenged.
Learned counsel for the Bank says that the property has already been sold. Remedy is not under Article 226 of the Constitution of India. The petitioner may avail other remedy as may be prescribed in law. The Writ Petition stands disposed of. (Om Prakash Shukla,J.) (Rajan Roy,J.)
Order Date :- 26.3.2025 Saurabh Digitally signed by :- SAURABH VERMA High Court of Judicature at Allahabad, Lucknow Bench