MEGA TRENDS ADVERTISING LTD. LKO. THRU. ITS DIRECTOR HASEEN KHAN v. BANK OF INDIA LKO. THRU. ITS G.M. AND 4 OTHERS
WRIC/2897/2022 · 2025-01-02
Brij Raj Singh, Rajan Roy
body2025
DailyLaw.ai
[ 2025 DAILYLAW 132834 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 132834 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC-LKO:134-DB Court No. - 2 Case :- WRIT - C No. - 2897 of 2022 Petitioner :- Mega Trends Advertising Ltd. Lko. Thru. Its Director Haseen Khan Respondent :- Bank Of India Lko. Thru. Its G.M. And 4 Others Counsel for Petitioner :- Prabhu Sharan Counsel for Respondent :- Sharad Tewari,C.S.C. Hon'ble Rajan Roy, J. Hon'ble Brij Raj Singh, J.
1. Heard learned counsel for the petitioner, learned Standing Counsel appearing for the State-opposite party no.5 and Sri Sharad Tewari, learned counsel appearing for opposite parties no.1 to 4.
2. The petitioner challenges an order dated 28.04.2022 issued by the Bank of India, Gomti Nagar Branch, Lucknow to it, by which the representation of the petitioner for return of the earnest money has been declined on the ground that there is specific rule, according to which if the auction purchaser does not deposit the money within the stipulated period, then the said deposit would be forfeited.
3. we have perused the impugned order, wherein the relevant rules contained in the Security Interest (enforcement) Rules, 2022 framed under the SARFAESI Act, 2002 has been quoted. We see no reason to interfere in such a matter. The petitioner may avail other remedies as may be prescribed in law.
4. Writ petition is disposed of with liberty aforesaid. . (Brij Raj Singh, J.) (Rajan Roy, J.) Order Date :- 2.1.2025 Rao/- Digitally signed by :- CHEBROLU SRINIVASA RAO High Court of Judicature at Allahabad, Lucknow Bench Digitally signed by :- CHEBROLU SRINIVASA RAO High Court of Judicature at Allahabad, Lucknow Bench