ZEESHAN HAIDER ZAIDI v. DEBT RECOVERY TRIBUNAL LKO. AND 2 OTHERS
A227/2239/2025 · 2025-04-18
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 135271 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 135271 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC-LKO:22123 Court No. - 6 Case :- MATTERS UNDER ARTICLE 227 No. - 2239 of 2025 Petitioner :- Zeeshan Haider Zaidi Respondent :- Debt Recovery Tribunal Lko. And 2 Others Counsel for Petitioner :- Salman Abbas,Syed Waqar Husain Hon'ble Pankaj Bhatia,J.
1. Heard learned counsel for the parties.
2. The present petition has been filed by the petitioner aggrieved against the action of the respondent-Bank. He has filed an S.A., in which an interim application has also been filed. However, the same has not yet been disposed of and on the other hand, the respondent-Bank has obtained an order passed under Section 14 of the SARFAESI Act and thus there is an imminent threat of the petitioner being evicted in terms of the order passed under Section 14 of the SARFAESI Act .
3. Considering the said submission, the present petition is
disposed of directing the DRT, Lucknow to decide the interim application filed by the petitioner expeditiously on or before 24th April, 2025. The DRT would also be entitled to consider whether the S.A. is maintainable or not.
4. Learned counsel for the parties shall produce a copy of this
order before the DRT concerned by Tuesday, i.e., 22.04.2025.
5. The petitioner would also be entitled to challenge the order passed under Section 14 of the SARFAESI Act by filing an appropriate application.
6. Till the decision on the interim application, no coercive action shall be taken against the petitioner in terms of the order passed under Section 14 of the SARFAESI Act.
Order Date :- 18.4.2025 Ashutosh Digitally signed by :- ASHUTOSH PANDEY High Court of Judicature at Allahabad, Lucknow Bench