2026:JHHC:474 IN THE HIGH COURT OF JHARKHAND AT RANCHI (Civil Writ Jurisdiction) W.P. (C) No.7535 of 2025 ---- M/s Patni Sheet Griha Private Limited, Registered Office at Ranchi Road, P.O.-Marar, P.S.-Mandu, District-Ramgarh (Jharkhand), through its Authorized Signatory Praveen Kumar Jain Son of Late Ramesh Kumar Jain, aged about 48 years, Resident of Ranchi Road, P.O.-Marar, P.S.- Mandu, District-Ramgarh (Jharkhand). …. …. Petitioner(s) Versus 1. The Registrar, Debts Recovery Tribunal, Ranchi, At Pragati Sadan, Kuchery Chowk, P.O. GPO, P.S.-Kotwali, District-Ranchi (Jharkhand). 2. The Zonal Manager, Allahabad Bank (Now Indian Bank), P.O. & P.S. Lalpur, District-Ranchi . (Jharkhand). 3. Manager Cum Authorised Signatory, Pegasus Assets Reconstruction Private Limited having its office at 54, Ekdalia Road, 1st Floor, Gariahat,, P.O.-Golpark, P.S.-Kalighat, Kolkata (West Bengal) 700019. 4. Authorised Signatory, Pegasus Assets Reconstruction Private Limited having its office at Unit No. 106, Best Business Park, Plot No. P-2, Netaji Subash Place, Opposite Fun Cinema, P.O.-Keshav Puram, P.S.-Ashok Vihar, Pitampura, New Delhi 110034. 5. The President, Pegasus Assets Reconstruction Private Limited having its office at 55-56, 5th Floor, Free Press House, Nariman Point, P.O.+P.S.- Nariman Point, District – Mumbai (Maharashtra), 400021. …. …. Respondent(s) ---- CORAM: HON’BLE MR. JUSTICE RAJESH KUMAR ---- For the Petitioner(s) : Mr. Dhirendra Kr. Deo, Adv. For the Respondent(s) : Mr. P.A.S. Pati, Adv. Mr. Akshay Kumar, Adv. ---- 06/Dated: 09th January, 2026 1. The present writ petition has been filed for following reliefs:- “for issuance of an appropriate writ(s)/order(s) /direction(s) upon the Respondent Authorities for quashing of the order dated 10.01.2025(Annexure-5), passed in M.A. No. 23/2021 whereby and whereunder, the Learned Presiding Officer, Debt Recovery Tribunal, Ranchi had dismissed the Miscellaneous Application filed by the Petitioner for execution/enforcement of the compromise arrived at between the Petitioner and Respondent No. 3, 4 & 5 has been dismissed citing the reason that the 2026:JHHC:474 Page | 2 W.P. (C) No.7535 of 2025 Miscellaneous Application filed by the Petitioner is not maintainable. AND/OR The Petitioner further prays that after quashing the order dated 10.01.2025(Annexure-5), the Respondent No. 3, 4 & 5 may be directed to execute/enforce the compromise dated 19.12.2017 made between the Petitioner and the Respondent No. 3, 4 & 5. AND/OR The Petitioner further prays that this Hon'ble Court be pleased to declare any and all actions taken by the Respondent(s) subsequent to the date of execution of the aforementioned compromise agreement to be void ab initio and of no legal effect whatsoever. AND/OR The Petitioner further prays that during the pendency of the instant writ petition, the operation of O.A. No. 16/2013, filed by the Respondent No. 3, 4 & 5 be stayed.” 2. Since there is alternative and efficacious remedy available, learned counsel for the petitioner seeks permission to withdraw the present writ petition with a liberty to work out his further remedy in accordance with law. 3. In view of above submission, learned counsel for the petitioner is permitted to withdraw the present writ petition. 4. Accordingly, the present writ petition is hereby disposed of as withdrawn with aforesaid liberty. (Rajesh Kumar, J.) Dated: 09th January, 2026 Amar/- Uploaded on 13.01.2026