NAIMUDDIN AND ANOTHER v. KOTAK MAHINDRA BANK LTD., AND 6 OTHERS
WRIC/20385/2025 · 2025-06-30
Manish Kumar Nigam
body2025
DailyLaw.ai
[ 2025 DAILYLAW 69120 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 69120 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Neutral Citation No. - 2025:AHC:100843 Court No. - 9 Case :- WRIT - C No. - 20385 of 2025 Petitioner :- Naimuddin And Another Respondent :- Kotak Mahindra Bank Ltd., And 6 Others Counsel for Petitioner :- Sanjay Kumar Mishra,Saurav Pandey Counsel for Respondent :- Amit Shukla,C.S.C. Hon'ble Manish Kumar Nigam,J.
1. Heard learned counsel for the parties and perused the record.
2. This petition has been filed against the order dated 27.05.2025 passed by Debt Recovery Tribunal rejecting the application under Section 17(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
3. Shri Amit Shukla, learned counsel for the respondent has raised preliminary objection that against the order impugned, the petitioner has alternative remedy of filing appeal before the Debt Recovery Tribunal. This fact has not been denied by learned counsel for the petitioner.
4. In view of the above, I am not inclined to interfere in the matter.
5. Accordingly, the writ petition is disposed of with liberty to the petitioners to avail the remedy as available to them under law.
6. Certified copy of the order be returned to learned counsel for the petitioners after retaining photo copy of the same. Order Date :- 1.7.2025 Ved Prakash (Manish Kumar Nigam,J.) Digitally signed by :- VED PRAKASH SHARMA High Court of Judicature at Allahabad