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2025 DAILYLAW 19934 (RAJ)

BHAWANI STEEL PVT. LTD. v. STATE BANK OF INDIA

CW/8895/2024 · 2025-01-09

Avneesh Jhingan

body2025

Judgment text

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[2025:RJ-JP:1497] HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR S.B. Civil Writ Petition No. 8895/2024 Bhawani Steel Pvt. Ltd., Having Its Registered Office At Sr. No. 893/11/2A, Pathardi Phata, Near Siemens Colony, Indira Nagar, Nashi (Maharashtra), Through Its Director, Rajendra Kumar Verma Son Of Sh. Surajmal Verma, Resident Of 162, Mahaveer Nagar-Ii, Kota (Raj.). ----Petitioner Versus State Bank Of India, Stressed Assets Management Branch-Ii, Mumbai, Raheja Chambers, Ground Floor, Wing-B, Free Press Journal Marg, Nariman Point, Mumbai-400021, Through Its Assistant/deputy General Manager. ----Respondent For Petitioner(s) : Mr.Naseemuddin Qazi HON'BLE MR. JUSTICE AVNEESH JHINGAN Order 09/01/2025 1. Learned counsel for the petitioner after arguing at length is not pressing the petition with liberty to approach the Debts Recovery Tribunal, Jaipur (for short ‘DRT’). Further prayer is that the DRT be directed to take up the stay application at the earliest, as the auction date is already fixed for 16.01.2025. 2. The petition is disposed of as not pressed with liberty as prayed for. 3. In the eventuality of petitioner after filing the Securitization Application along-with the stay application and making a request before the DRT for expeditious hearing of the stay application, the same would be considered in accordance with law taking into account that the auction is fixed for 16.01.2025. (AVNEESH JHINGAN),J Monika/165