M/S Sai Nath Building Material v. Idbi Bank Limited and Another

Court No. - 40 Case :- WRIT - C No. - 18012 of 2020 Petitioner :- M/S Sai Nath Building Material Respondent :- Idbi Bank Limited And Another Counsel for Petitioner :- Sanjai Singh Counsel for Respondent :- Pranjal Mehrotra,Krishna Kant Tiwari Hon'ble Mahesh Chandra Tripathi,J. Hon'ble Prashant Kumar,J.

¶1Sri Krishna Kant Tiwari, learned counsel for the respondent-Bank makes a statement at bar that in response to the proceedings under Section 13(2) and 13 (4) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 the petitioner has already deposited the requisite amount as per demand of the bank. Therefore, the cause for filing the writ petition no more survives.

¶2In view of the fact that the cause for filing writ petition no more survives, this writ petition has become infructuous.

¶3This writ petition is, accordingly, dismissed as infructuous. Order Date :- 22.11.2023 S.P. High Court of Judicature at Allahabad