2025:UHC:475 1 IN THE HIGH COURT OF UTTARAKHAND AT NAINITAL THE HON’BLE SRI JUSTICE ALOK KUMAR VERMA 10TH JANUARY, 2025 Writ Petition No. 81 of 2025 (M/S) ICICI Home Finace Company ...Petitioner Versus District Magistrate, Derhadun and Others …Respondents Counsel for the Petitioner : Mr. Ashutosh Kumar Tiwari, Advocate (through video conferencing) Counsel for the Respondent : Mr. D.S. Bohra, No. 1. Standing Counsel. Hon’ble Alok Kumar Verma,J. Heard learned counsel for the parties. 2. Mr. Ashutosh Kumar Tiwari, learned counsel for the petitioner has contended that the petitioner- company vide Sanction Letter dated 21.08.2022 sanctioned Rs.36.00 Lakh as loan amount for twenty years @ 18.35% per annum in favour of the respondent nos.2 & 3. The outstanding amount was not paid by them. Therefore, after duly complying with the procedure as mentioned under the Securitisation and Reconstruction of Financial Assets and Enforcement of 2025:UHC:475 2 Security Interest Act, 2002 (in short, “Act, 2002”), an application under Section 14 of the Act, 2002 was filed before the District Magistrate, Dehradun, the respondent no.1, in the month of June, 2024. The said application is still pending. 3. Mr. D.S. Bohra, Standing Counsel, has sought two weeks’ time to decide the said application, filed under Section 14 of the Act, 2002. 4. With the consent of learned counsel for both the parties, the present writ petition is disposed of directing the respondent no.1/District Magistrate, Dehradun to pass suitable order in accordance with law as expeditiously as possible, but not later than two weeks from the date of production of the certified copy of this order. 5. It is made clear that this Court has not expressed any opinion on the merit of this case. ___________________ ALOK KUMAR VERMA, J. Date: 10.01.2025 JKJ/ Pant PANKAJ KUMAR PANT Digitally signed by PANKAJ KUMAR PANT DN: c=IN, o=HIGH COURT OF UTTARAKHAND, ou=HIGH COURT OF UTTARAKHAND, 2.5.4.20=9bb5448b4a92c65bab85a1384e98c8e23962296e 78d4821a6ec01b408aa193c8, postalCode=263001, st=UTTARAKHAND, serialNumber=4FA443614ABEBC1A2C417A645E31B2B4B9 D897811D160D334C31AA4BA6D48D32, cn=PANKAJ KUMAR PANT Date: 2025.01.11 11:33:10 +05'30'