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2025 DAILYLAW 30773 (ALL)

M/S SHIV SHAKTI TRADERS AND ANOTHER v. INDIAN BANK AND 2 OTHERS

WRIC/8044/2025 · 2025-03-19

Rohit Ranjan Agarwal

body2025

Judgment text

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Neutral Citation No. - 2025:AHC:40400 Court No. - 9 Case :- WRIT - C No. - 8044 of 2025 Petitioner :- M/S Shiv Shakti Traders And Another Respondent :- Indian Bank And 2 Others Counsel for Petitioner :- Ashutosh Shukla,Rajesh Dutta Pandey Counsel for Respondent :- Ashish Kumar Srivastava Hon'ble Rohit Ranjan Agarwal,J. 1. Heard learned counsel for petitioners and Sri Ashish Kumar Srivastava, learned counsel, appearing for respondent bank. 2. A preliminary objection has been raised by respondents' counsel as to the maintainbility of writ petition on the ground that the order impugned is an appelable order under Section 18 of The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 as the order impugned has been passed by Debts Recovery Tribunal rejecting the stay application seeking possession in S.A. No. 504 of 2023. 3. In view of the said fact, writ petition is dismissed on the ground of alternative remedy. Order Date :- 20.3.2025 Shekhar Digitally signed by :- SHASHI SHEKHAR PANDEY High Court of Judicature at Allahabad