Neutral Citation No. - 2025:AHC-LKO:17982 Court No. - 6 Case :- MATTERS UNDER ARTICLE 227 No. - 1756 of 2025 Petitioner :- Ajay Raj Agarwal And 2 Others Respondent :- Addl. Distt. Magistrate (Judicial) Lko. U.P. And 2 Others Counsel for Petitioner :- Mohammad Hamza Beg,Suchindra Yadav Counsel for Respondent :- C.S.C.,Shyam Kumar Ray Hon'ble Pankaj Bhatia,J. 1. Present petition has been filed challenging the order passed under Section 14 of SARFAESI Act dated 06.03.2025. 2. Shri Shyam Kumar Ray, learned counsel for the respondent, on instructions, states that an OTS settlement has been proposed by the petitioners at an amount of Rs.1,10,00,000/- and in pursuance whereof, substantial amounts have already been deposited and the balance amounts are to be deposited on or before 25.04.2025. 3. The said fact is not disputed by learned counsel for the petitioners. 4. In view of the said development where the parties have agreed to settle the outstanding dues through OTS, present petition is disposed off directing that the parties shall adhere to the OTS entered into in between the parties. 5. Till 25.04.2025, the order impugned under Section 14 of SARFAESI Act dated 06.03.2025 shall not be given effect to. 6. In case the OTS fails for some reason, the petitioner would be at liberty to avail such remedy as may be advised under law. Similarly, the respondents would also be entitled to avail such remedy as may be advised under law. Order Date :- 1.4.2025 nishant Digitally signed by :- NISHANT MOHAN High Court of Judicature at Allahabad, Lucknow Bench