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2025 DAILYLAW 55025 (ALL)

M/S. SHREE GANESH INDUSTRIES v. DEBTS RECOVERY TRIBUNAL ALLAHABAD AND ANOTHER

WRIC/14706/2025 · 2025-05-08

Rohit Ranjan Agarwal

body2025

Judgment text

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Neutral Citation No. - 2025:AHC:75410 Court No. - 9 Case :- WRIT - C No. - 14706 of 2025 Petitioner :- M/S. Shree Ganesh Industries Respondent :- Debts Recovery Tribunal Allahabad And Another Counsel for Petitioner :- Anubhav Mishra,Dhiraj Singh Counsel for Respondent :- Krishna Mohan Asthana Hon'ble Rohit Ranjan Agarwal,J. 1. This is a petition on behalf of borrower. Securitisation proceedings has been initiated against petitioner who had defaulted in repayment of the loan taken by him from respondent no. 2, Canara Bank. An application under Section 17 of Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 has been preferred before Debts Recovery Tribunal, Allahabad which has been registered as S.A. No. 503 of 2022. The sole prayer made in the writ petition is for expeditious disposal of the same. 2. As no useful purpose would be served in keeping the matter pending, the writ petition is being disposed of, at the admission stage, without calling for counter affidavit or issuing notice to private respondents, with a direction upon Debts Recovery Tribunal, Allahabad to decide the S.A. No. 503 of 2022, in accordance with law, after hearing all affected parties, preferably within a period of six months from the date of production of certified copy of this order. 3. With the aforesaid directions, writ petition stands disposed of. 4. It is made clear that this Court has not adjudicated the matter on merits. 5. Sri Mohul Khare, Advocate, is present for respondent no. 2 Order Date :- 9.5.2025 V.S.Singh Digitally signed by :- VIDYA SAGAR SINGH High Court of Judicature at Allahabad