Sudhir Gupta v. State of U.P. Thru. District Magistrate Lko. and 2 Others

Court No. - 2 Case :- WRIT - C No. - 10914 of 2024 Petitioner :- Sudhir Gupta Respondent :- State Of U.P. Thru. District Magistrate Lko. And 2 Others Counsel for Petitioner :- Arunendra Nath Mishra Counsel for Respondent :- C.S.C.,Vinay Shankar Hon'ble Rajan Roy,J. Hon'ble Brij Raj Singh,J.

¶1Heard.

¶2Auction had already taken place as informed by Sri Vinay Shankar, leanred counsel for the Bank. Therefore, the stage of Section 13 (8) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short "SARFAESI Act, 2002) had passed as claimed by the opposite parties.

¶3In view of above, we see no reason to interfere in the matter, as the proceedings under the SARFAESI Act, 2002) have been taken. The petitioner, if he has a remedy, may approach the Debt Recovery Tribunal under the SARFAESI Act, 2002.

¶4With these observation/directions, the writ petition is disposed of. [Brij Raj Singh, J.] [Rajan Roy, J.] Order Date :- 18.12.2024 Anuj Singh High Court of Judicature at Allahabad, Lucknow Bench