PUNJAB NATIONAL BANK v. STATE OF U.P. AND 4 OTHERS
WRIC/6934/2025 · 2025-03-09
Ashwani Kumar Mishra, Donadi Ramesh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 27427 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 27427 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC:34991-DB Court No. - 29 Case :- WRIT - C No. - 6934 of 2025 Petitioner :- Punjab National Bank Respondent :- State Of U.P. And 4 Others Counsel for Petitioner :- Krishna Mohan Asthana Counsel for Respondent :- C.S.C. Hon'ble Ashwani Kumar Mishra,J. Hon'ble Donadi Ramesh,J.
1. Heard Sri Krishna Mohan Asthana, learned counsel for the petitioner and learned Additional Chief Standing Counsel for the State-respondents.
2. This writ petition has been filed for a direction that Application bearing Case No. 6611 of 2023, under Section 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 pending before the respondent no.3 i.e. Additional District Magistrate (F&R), Meerut, be decided expeditiously within a stipulated period of time.
3. The only grievance raised by the petitioner-Bank is that the proceedings pending at the level of the competent authority under Section 14 of the SARFAESI Act, 2002 is kept pending for long.
4. Learned counsel for the State-respondents submits that all endeavour shall be made to decide the aforesaid application.
5. Without going into the merits of the case, it is directed that the Application bearing Case No. 6611 of 2023, under Section 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 pending before the respondent no.3 i.e. Additional District Magistrate (F&R), Meerut, be decided within a period of one month from the date of presentation of a certified copy of the order unless there is any legal impediment.
6. In view of the aforesaid, writ petition stands disposed of. Order Date :- 10.3.2025 Noman Digitally signed by :- NOMAN AHMAD High Court of Judicature at Allahabad