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2025 DAILYLAW 13828 (UTT)

SANDEEP VERMA v. CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD.

WPMB/613/2024 · 2025-01-03

Manoj Kumar Tiwari, Pankaj Purohit

body2025

Judgment text

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2025:UHC:58-DB SL. No. Date Office Notes, reports, orders or proceedings or directions and Registrar’s order with Signatures COURT’S OR JUDGE’S ORDERS WPMB No. 613 of 2024 Hon’ble Manoj Kumar Tiwari, J Hon’ble Pankaj Purohit, J. 1. Mr. Vishesh Srivastava learned counsel for the petitioner. 2. Petitioner has challenged order dated 06.11.2024 passed by Debts Recovery Tribunal, Dehradun in Securitization Application No. 36 of 2024. 3. Since petitioner has remedy to file an appeal, under Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 before the Appellate Tribunal, therefore, this Court is not inclined to entertain this writ petition. 4. Accordingly, the writ petition is dismissed on the ground of alternate remedy, with liberty to petitioner to approach the appropriate forum under Section 18 of the SARFAESI Act, 2002. (Pankaj Purohit, J.) (Manoj Kumar Tiwari, J) 03.01.2025 Aswal NITI RAJ SINGH ASWAL Digitally signed by NITI RAJ SINGH ASWAL DN: c=IN, o=HIGH COURT OF UTTARAKHAND, ou=HIGH COURT OF UTTARAKHAND, 2.5.4.20=eacc6757ee7881e933ff8934f07477005aa85f9802a3a08b08d1369512ea30f3, postalCode=263001, st=UTTARAKHAND, serialNumber=44EB54CBF00B7698CB6F10C2CE3D26F5C22DACF4F4610C1FE58A58531726FBB0, cn=NITI RAJ SINGH ASWAL Date: 2025.01.03 17:31:52 +05'30' 2025:UHC:58-DB