Research › Search › Judgment

High Court of Andhra Pradesh · body

2025 DAILYLAW 50306 (AP)

ANJANEYA TRADING COMPANY v. THE CANARA BANK

WP/28224/2025 · 2025-10-15

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

APHC010541312025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 28224 of 2025 Bench Sr.No:-8 [3446] M/s. Anjaneya Trading Company, represented by its Proprietor. ...Petitioner Vs. The Canara Bank and others ...Respondents ********** Advocate for Petitioner : Sri N. V. Mohana Rao Advocate for Respondents : Sri Sreedhar Valiveti CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R. RAGHUNANDAN RAO DATE : 16th October 2025 P C : In view of the fact that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2002 (for short, “the SARFAESI Act”) provides an effective alternate remedy by way of an application before the Debts Recovery Tribunal, which can very well be availed by the petitioner, we do not find any reason to interfere at this stage by invoking our extraordinary jurisdiction considering the ratio of the judgments rendered by the Apex Court in Radha Krishan Industries v. State of H.P.,1 and United Bank of India vs. Satyawati Tondon2. 1 (2021) 6 SCC 771 2 [(2010)8 SCC 110 : 2010 INSC 428] 2 2. The Writ Petition is, accordingly, dismissed. No order as to costs. Pending miscellaneous applications, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ R. RAGHUNANDAN RAO, J AMD 3 06 HON’BLE MR. JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE & HON’BLE MR. JUSTICE R. RAGHUNANDAN RAO WRIT PETITION NO: 28224 of 2025 Dt : 16.10.2025 AMD