M/S ANNAPURNA GENERAL MERCHANT AND 2 OTHERS v. PRESIDING OFFICER DEBTS RECOVERY TRIBUNAL AND 3 OTHERS
WRIC/35859/2026 · 2026-09-08
Rohit Ranjan Agarwal
body2026
DailyLaw.ai
[ 2026 DAILYLAW 6105 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 6105 (ALL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 35859 of 2026 Court No. - 9 HON'BLE ROHIT RANJAN AGARWAL, J.
1. This is a petition on behalf of borrower. Borrower had defaulted the repayment of loan taken by him from the respondent-bank. Thereafter, securitization proceedings were initiated against him. Action of the bank has been challenged through Securitization Application No.2612 of 2024 which is pending consideration before Debts Recovery Tribunal, Allahabad. The prayer made in the writ petition is for deciding the said stay application as well as securitization application, expeditiously.
2. As no useful purpose would be served in keeping the matter pending, or calling for counter affidavit, the writ petition is being disposed of with a direction upon Debts Recovery Tribunal, Allahabad to consider and decide the stay application within two weeks and thereafter proceed with Securitization Application No.2612 of 2024 and decide the same within a period of six months from the date of production of certified copy of this order.
3. With the aforesaid direction, present writ petition stands disposed of.
4. It is made clear that this Court has not adjudicated the case on merit. September 9, 2026 SK Goswami Versus Counsel for Petitioner(s) : Pawan Kumar Rao, Ram Chandra Yadav Counsel for Respondent(s) : Krishna Mohan Asthana, Ramesh Kumar Shukla (Rohit Ranjan Agarwal,J.) M/S Annapurna General Merchant And 2 Others .....Petitioner(s) Presiding Officer Debts Recovery Tribunal And 3 Others .....Respondent(s) Digitally signed by :- SHIVAKANT GOSWAMI High Court of Judicature at Allahabad