RAKESH KUMAR JAIN v. PUNJAB NATIONAL BANK AND ANOTHER
WRIC/35779/2025 · 2025-10-13
body2025
DailyLaw.ai
[ 2025 DAILYLAW 200094 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 200094 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 35779 of 2025 Court No. - 5 HON'BLE MANISH KUMAR NIGAM, J.
1. Heard learned counsel for the petitioner and perused the record.
2. The instant writ petition has been filed for following relief:
" i.To issue an order or direction to the Learned Debt Recovery Tribunal, Allahabad to decide the Securitization Appeal No.23 of 2023 (Rakesh Kumar Jain Vs. Punjab National Bank and another)expeditiously within stipulated period of time as fixed by this Hon'ble Court, to secure the ends of justice; otherwise the petitioner/defendant shall suffer irreparable loss and injury."
3. Contention of the learned counsel for the petitioner is that aforementioned appeal is pending since 2023 and the same has not been decided despite several dates have been fixed. He prayed that the same may be decided, expeditiously.
4. In view of above, no useful purpose would be served in keeping this petition pending.
5. Accordingly, the present petition stands disposed of finally with a direction to the Debt Recovery Tribunal, Allahabad to consider and decide the Securitization Appeal No.23 of 2023, in accordance with law, expeditiously, preferably within a period of six months from the date of production of a certified copy of this order after ensuring service upon all the opposite parties, giving opportunity of hearing to the parties concerned and without granting unnecessary adjournments to either of the parties provided that there is no other legal impediment.
October 14, 2025 Nitika Sri. Versus Counsel for Petitioner(s) : Priyanka Tripathi, Vivek Tripathi Counsel for Respondent(s) : Ramesh Kumar Shukla (Manish Kumar Nigam,J.) Rakesh Kumar Jain .....Petitioner(s) Punjab National Bank And Another .....Respondent(s) Digitally signed by :- NITIKA SRIVASTAVA High Court of Judicature at Allahabad