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2025 DAILYLAW 57545 (AP)

M/s Sai Ganesh Cashew Industries Proprietor v. Union Bank of India

WP/27809/2025 · 2025-10-08

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

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APHC010536012025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 27809 of 2025 Bench Sr.No:-12 [3446] M/s Sai Ganesh Cashew Industries ...Petitioner Vs. Union Bank of India and others ...Respondents ********** Advocate for Petitioner : Ms. S. Samantha Krishna representing Mr. M.M.M. Krishna Sanapala Advocate for Respondents : Mrs. V. Dyumani for R.1 & R.2 CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R RAGHUNANDAN RAO DATE : 9th October, 2025 P C : The petitioner is challenging the proceedings initiated by the Union Bank of India under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, on the ground that the proceedings are required to be stalled till such time as the claim of the petitioner against the insurance company is finally settled before the State Consumer Disputes Redressal Commission. 2. In our opinion, the prayer made in the present writ petition is not sustainable as the respondent bank does have a right to invoke the provisions 2 HCJ & RRR, J WP_27809_2025 of the SARFAESI Act. The petitioner may approach the appropriate forum in accordance with law, if so advised. 3. The Writ Petition is, accordingly, disposed of. No order as to costs. Miscellaneous applications pending, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ R RAGHUNANDAN RAO, J Vjl