RBL BANK LIMITED THRU. ITS AUTHORISED OFFICER v. U.O.I. THRU. SECY. DEPTT. OF FINANCIAL SERVICES MINISTRY OF FINANCE,NEW DELHI AND 5 OTHERS
/6623/2024 · 2025-12-16
body2025
DailyLaw.ai
[ 2025 DAILYLAW 187978 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 187978 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW WRIT - C No. - 6623 of 2024 Court No. - 17 HON'BLE SUBHASH VIDYARTHI, J. (I.A. No. 3/2025-Withdrawal)
1. This is an application seeking dismissal of the writ petition as withdrawn and the petitioner has sought liberty to pursue the securitisation application filed by the borrower under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002). The application is supported by an affidavit of the authorized signatory of the petitioner- bank.
2. The application is allowed.
3. The writ petition is dismissed as withdrawn leaving it open for the petitioner to pursue the matter under Section 17 of the SARFAESI Act, 2002 before the Debts Recovery Tribunal. December 16, 2025 Pradeep/- Versus Counsel for Petitioner(s) : Prashant Kumar, Shyam Kumar Ray Counsel for Respondent(s) : A.S.G.I., Gaurav Gupta, Jyoti Rajpoot, Saurabh Misra (Subhash Vidyarthi,J.) Rbl Bank Limited Thru. Its Authorised Officer .....Petitioner(s) U.O.I. Thru. Secy. Deptt. Of Financial Services Ministry Of Finance,New Delhi And 5 Others .....Respondent(s) Digitally signed by :- PRADEEP SINGH High Court of Judicature at Allahabad, Lucknow Bench