M/S YOUTH AND STYLE, THRU. ITS PROPRIETOR MOHD.ARIF AND ANOTHER v. STATE OF U.P. THRU. SECY. MINISTRY OF FINANCE LKO. AND 3 OTHERS
WRIC/6697/2025 · 2025-07-24
Manish Kumar, Rajan Roy
body2025
DailyLaw.ai
[ 2025 DAILYLAW 150888 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 150888 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC-LKO:42526-DB Court No. - 2 Case :- WRIT - C No. - 6697 of 2025 Petitioner :- M/S Youth And Style, Thru. Its Proprietor Mohd.Arif And Another Respondent :- State Of U.P. Thru. Secy. Ministry Of Finance Lko. And 3 Others Counsel for Petitioner :- Ashish Kumar Shukla,Alok Tripathi Counsel for Respondent :- C.S.C.,Amit Srivastava Hon'ble Rajan Roy,J. Hon'ble Manish Kumar,J. Borrower has filed this writ petition challenging impugned
order dated 17.06.2025 issued under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as, the Act, 2002).
Learned counsel appearing for the Bank says it is true that initially proceedings were initiated under Section 14 of the Act, 2002 before the Chief Judicial Magistrate, Lucknow but an application for not pressing the said proceedings has been filed and thereafter, fresh proceedings were initiated under the same provision before the A.D.M., who has passed the impugned
order. He is in possession of certified copy of the such application, which was filed before the Chief Judicial Magistrate, Lucknow and has provided the same to the petitioner's counsel. Remedy is not under Article 226 of Constitution of India but before the Debts Recovery Tribunal under Section 17 of the Act, 2002. Writ petition stands disposed of. [Manish Kumar, J.] [Rajan Roy,J]
Order Date :- 24.7.2025 Ashish Digitally signed by :- ASHISH MISHRA High Court of Judicature at Allahabad, Lucknow Bench