M/S VERMA PRINTERS THRU. PRO. SACHIN VERMA AND 3 OTHERS v. DEBTS RECOVERY TRIBUNAL LKO. AND 2 OTHERS
WRIC/8910/2025 · 2025-09-19
Pankaj Bhatia
body2025
DailyLaw.ai
[ 2025 DAILYLAW 163033 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 163033 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW WRIT - C No. - 8910 of 2025
. Court No. - 6 HON'BLE PANKAJ BHATIA, J.
1. Heard learned Counsel for the petitioner and Sri Aasif Razzaque, who has filed Vakalatnama on behalf of respondent-Bank. The Vakalatnama is taken on record.
2. The present petition has been filed challenging an order dated 20.05.2025 whereby, the SA No.50 of 2023 filed by the petitioner was dismissed.
3. Sri Aasif Razzaque, learned Counsel appearing on behalf of the respondent-Bank states that an appeal is prescribed under Section 18 of the SARFAESI Act. He also states that the property has also been sold and sale proceeds have been credited in the bank account of the Bank.
4. The Counsel for the petitioner states that the petitioner is not in a position to make the pre-deposit as required for preferring an appeal.
5. Considering the fact that the property has already been sold and the sale proceeds have already been received by the Bank and the fact that an appeal is prescribed against the order impugned, no interference is called Versus Counsel for Petitioner(s) : Manoj Kumar Pandey
Counsel for Respondent(s) : Nitin Srivastava M/S Verma Printers Thru. Pro. Sachin Verma And 3 Others .....Petitioner(s) Debts Recovery Tribunal Lko. And 2 Others .....Respondent(s)
for. The writ petition is dismissed.
6. The petitioner would be at liberty to prefer an appeal, if so advised, in accordance with law. September 19, 2025 akverma WRIC No. 8910 of 2025 2 (Pankaj Bhatia,J.) Digitally signed by :- ASHOK KUMAR VERMA High Court of Judicature at Allahabad, Lucknow Bench