Research › Search › Judgment

High Court of Jammu and Kashmir · body

2025 DAILYLAW 4299 (JK)

PUNJAB NATIONAL BANK TH HARPAL SINGH v. DISTRICT MAGISTRATE RAMBAN AND ANOTHER

WP(C)/2284/2025 · 2025-08-22

Sanjay Parihar, Sanjeev Kumar

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

HIGH COURT OF JAMMU & KASHMIR AND LADAKH AT JAMMU WP (C) No. 2284/2025 Punjab National Bank .....Applicant(s)/Petitioner(s) Through :- Mr. Parveen Kapahi, Advocate v/s District Magistrate Ramban and Anr. .....Respondent(s) Through :- CORAM: HON’BLE MR. JUSTICE SANJEEV KUMAR, JUDGE HON’BLE MR. JUSTICE SANJAY PARIHAR, JUDGE ORDER (ORAL) 22.08.2025 1. The short grievance projected by the petitioner in this petition is that the petitioner approached the District Magistrate, Ramban with an application under Section 14 of the SARFAESI Act, 2002 for taking over the possession of the secured assets belonging to respondent no. 2, i.e., M/s Kashmir Forest Food. The application was made on 04.02.2025, but the proceedings could not be initiated because of the interim directions passed by this Court on 11.11.2024 in WP (C) No. 2678/2024. 2. It is submitted that the aforesaid interim directions were vacated by this Court on 01.07.2025 giving liberty to the petitioner-bank to proceed with the impugned notices dated 16.07.2024 and 22.10.2024 under Section 13(2) and 13(4) of the SARFAESI Act, 2002. On vacation of the interim directions, the petitioner claims that they approached the District Magistrate, Ramban along with the interim order dated 01.07.2025, but the District Magistrate, Sr. No. 40 2 Ramban has shown reluctance to proceed in the matter, though the application was complete in all respects. 3. Having heard learned counsel for the petitioner and regard being had to the limited prayer made in this petition, this petition is disposed of by directing the District Magistrate, Ramban to perform its statutory duties in terms of Section 14 of the SARFAESI Act, 2002 and take the proceedings to its logical end provided there is no legal impediment. 4. Let the proceedings be initiated and taken to logical end within a period of two months from the date copy of this order is served upon the District Magistrate, Ramban. (Sanjay Parihar) (Sanjeev Kumar) Judge Judge JAMMU 22.08.2025 Manik Whether this order is speaking: yes/no Whether this order is reportable: yes/no