HDFC BANK LTD THRU. ITS AUTHORIZED OFFICER MR. SUYASH NAARAAYAN v. U.O.I. MINISTRY OF FINANCE DEPTT. OF FINANCIAL SERVICES NEW DELHI AND 4 OTHERS
A227/5362/2025 · 2025-09-09
Jaspreet Singh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 163349 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 163349 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW MATTERS UNDER ARTICLE 227 No. - 5362 of 2025
with MATTERS UNDER ARTICLE 227 No. - 5377 of 2025
Court No. - 7 HON'BLE JASPREET SINGH, J.
1. Since the parties are the same and the dispute is related, both petitions are connected and are being disposed of by this common order.
2. Heard learned counsel for the petitioners, Shri Ashwani Kumar Singh,
learned counsel appearing on behalf of respondent No.1 and Shri Dilip Kumar Chaudhary, learned counsel has filed his vakalatnama on behalf of respondent Nos.4 and 5, who are the partners of the respondent No.3 and in this view of the matter, all the respondents are duly served.
3. The petitioners have approached this Court with the limited prayer that Versus Counsel for Petitioner(s) : Vikram Singh Chauhan, Kausar Jahan, Mohd. Khalid Counsel for Respondent(s) : A.S.G.I. Versus Counsel for Petitioner(s) : Kausar Jahan, Mohd. Khalid, Vikram Singh Chauhan Counsel for Respondent(s) : A.S.G.I. Hdfc Bank Ltd Thru. Its Authorized Officer Mr. Suyash Naaraayan .....Petitioner(s) U.O.I. Ministry Of Finance Deptt. Of Financial Services New Delhi And 4 Others .....Respondent(s) Hdfc Ltd. Office Bank House Lko. Thru. Its Auth. Officer Mr. Suyash Naaraayan .....Petitioner(s) Uoi Ministry Of Finance Deptt. Of Financial Services Thru. Its Secy. And 6 Others .....Respondent(s)
their proceedings under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 and Section 17 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 pending before the Debt Recovery Tribunal (hereinafter referred to as 'DRT') be expedited.
4. Having considered the aforesaid prayers as well as perusal the extracts of the order sheet placed on record, this Court finds that the DRT has already granted liberty to the parties to move an application for urgency if the occasion arises.
5. In view of the above, this Court is not inclined to entertain the petition. It is accordingly, dismissed, leaving it open to the petitioners to move an appropriate application before the concerned DRT.
6. Since the private respondents have already entered appearance, they are
directed to ensure their participation in the proceedings. In case they attempt to misuse the liberty granted, the DRT shall be well within its rights to pass appropriate orders in accordance with law. September 9, 2025 Shubhankar A227 No. 5362 of 2025 2 (Jaspreet Singh,J.) Digitally signed by :- SHUBHANKAR THAKUR High Court of Judicature at Allahabad, Lucknow Bench