VISHAL KUMAR GUPTA AND ANOTHER v. UNION OF INDIA MINISTRY OF FINANCE DEPTT. FINANCIAL SERVICES THRU. SECY. AND 3 OTHERS
A227/3867/2025 · 2025-06-30
Arun Kumar Singh Deshwal
body2025
DailyLaw.ai
[ 2025 DAILYLAW 147585 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 147585 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC-LKO:36790 Court No. - 3 Case :- MATTERS UNDER ARTICLE 227 No. - 3867 of 2025 Petitioner :- Vishal Kumar Gupta And Another Respondent :- Union Of India Ministry Of Finance Deptt. Financial Services Thru. Secy. And 3 Others Counsel for Petitioner :- Laxmi Narayan Gupta Counsel for Respondent :- A.S.G.I.,Mrityunjay Pratap Singh Hon'ble Arun Kumar Singh Deshwal,J.
1. Heard Sri Laxmi Narayan Gupta, learned counsel for the petitioners and Sri Piyush Singh, Advocate holding brief of Sri Mrityunjay Pratap Singh, learned counsel for respondents No. 3 & 4.
2. The instant petition has been filed to direct opposite party No.2 for expeditious disposal of securitization application No. 20 of 2023 filed under Section 17 SARFESI Act, pending before him.
3. Learned counsel for the petitioners has submitted that as per Section 17 SARFESI Act, there is a mandate that application filed under Section 17 should be decided within four months, however, in the present case the application is pending since 2023.
4. Learned counsel for respondents No. 3 & 4 has no objection if a direction is issued to decide the application of the petitioner filed under Section 17 SARFESI Act expeditiously.
5. In view of the above, the petition is disposed of with a direction to respondent No.2 to decide the Securitisation Application No. 20 of 2023, filed by the petitioner under Section 17 SARFESI Act, within a period of two months from the date of receiving a copy of this order. Order Date :- 30.6.2025 Vandana Digitally signed by :- VANDANA GAUTAM High Court of Judicature at Allahabad, Lucknow Bench