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2025 DAILYLAW 64812 (ALL)

NOBLE CO-OPERATIVE BANK LIMITED v. STATE OF UTTAR PRADESH AND 6 OTHERS

WRIC/18462/2025 · 2025-07-15

Prashant Bilgaiyan Registrar J Criminal, Shekhar B Saraf

body2025

Judgment text

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Neutral Citation No. - 2025:AHC:114704-DB Court No. - 3 Case :- WRIT - C No. - 18462 of 2025 Petitioner :- Noble Co-Operative Bank Limited Respondent :- State Of Uttar Pradesh And 6 Others Counsel for Petitioner :- Gyanesh Kumar Counsel for Respondent :- C.S.C. Hon'ble Shekhar B. Saraf,J. Hon'ble Praveen Kumar Giri,J. 1. Instructions filed by the learned Standing Counsel in Court today be kept on record. A copy of the same has also been handed over to the counsel appearing on behalf of the petitioner. 2. Heard learned counsel appearing on behalf of the parties. 3. Upon perusal of the instructions, it appears that the hypothecated assets are no longer in the premises for which an order under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been passed. 4. Counsel appearing on behalf of the petitioner also submits that the borrower is absconding. 5. In light of the situations that are unfolded, we are of the view that the petitioner should seek alternative avenues to satisfy its outstandings. 6. Accordingly, the writ petition is disposed of with liberty granted to the petitioner to approach the appropriate authorities in accordance with law. Order Date :- 16.7.2025 Kuldeep (Praveen Kumar Giri, J.) (Shekhar B. Saraf, J.) Digitally signed by :- KULDEEP SINGH High Court of Judicature at Allahabad