RAJ KUMAR LODHI v. DEBT RECOVERY TRIBUNAL LKO THRU. REGISTRAR LKO AND 2 OTHERS
A227/3729/2025 · 2025-05-30
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 144783 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 144783 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:33840 Court No. - 6 Case :- MATTERS UNDER ARTICLE 227 No. - 3729 of 2025 Petitioner :- Raj Kumar Lodhi Respondent :- Debt Recovery Tribunal Lko Thru. Registrar Lko And 2 Others Counsel for Petitioner :- Abhishek Khare,Aahuti Agarwal Counsel for Respondent :- C.S.C.,Sharad Kumar Shukla Hon'ble Pankaj Bhatia,J.
1. Heard learned counsel for the petitioner and learned counsel for the respondent and perused the record.
2. The present petition has been filed by the petitioners stating that against the action of the respondent bank, the petitioners have approached the DRT by filing Securitization Application No. 79 of 2024.
3. It is argued by the counsel for the petitioners that when the threats for taking possession were being issued, an application was filed for urgency, however an order came to be passed on 27.02.2025 fixing the matter on 25.03.2025, subsequently when threats aggravated, the petitioners moved an application for interim relief and urgent hearing, in which, an order was passed by DRT on 25.03.2025 fixing 04.09.2025 and on 25.03.2025, the matter was listed on 04.09.2025.
4. The contention of the counsel for the petitioners is that on the one hand, dates are being fixed and on the other hand, the respondents are threatening to take possession in pursuance to the order passed by the District Magistrate under Section 14 of the SARFAESI Act.
5. Considering the said submission, the present petition is
disposed of directing the DRT to pass order positively on the interim relief application, which is fixed for 04.09.2025. Till 04.09.2025, or till the decision on the IR application, whichever is earlier, no coercive action shall be taken against the petitioner.
Order Date :- 30.5.2025 Arvind Digitally signed by :- ARVIND KUMAR SRIVASTAVA High Court of Judicature at Allahabad, Lucknow Bench