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2025 DAILYLAW 51859 (AP)

DEVARAKONDA JAGADEESH BABU v. IN CRED FINANCIAL SERVICES LIMITED

WP/28108/2025 · 2025-10-13

Dhiraj Singh Thakur, Ravi Cheemalapati

body2025

Judgment text

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APHC010545192025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 28108 of 2025 Bench Sr.No:- 12 [3483] Devarakonda Jagadeesh Babu and another ...Petitioners Vs. In Cred Financial Services Limited and others ...Respondents ********** Advocate for Petitioners : Ms. Paruchuri Indumathi Advocate for Respondents : -- CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 14th 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 petitioners, 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 RAVI CHEEMALAPATI, J AMD 3 50 HON’BLE MR. JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE & HON’BLE MR. JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 28108 of 2025 Dt : 14.10.2025 AMD