PAYAL BANQUETS PRIVATE LIMITED THROUGH ITS DIRECTOR vs STATE BANK OF INDIA THROUGH ITS AR & ORS.

Judgment text excerpt

$~52 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 28th February, 2025 + W.P.(C) 16341/2024 & CM APPL. 68984-68985/2024 PAYAL BANQUETS PRIVATE LIMITED THROUGH ITS DIRECTOR .....Petitioner Through: Mr. Mohit Choudhary, Mr. Paras Mithal and Mr. Gaurav Raj, Advocates versus STATE BANK OF INDIA THROUGH ITS AR & ORS. .....Respondent Through: Mr. Apoorv Sarvaria, Ms. Yashika Sarvaria, Advocates for R-1/SBI. Mr. Vaibhav Dang, Advocate for R-2. Mr. Akshay Goel and Mr. Harsh Jadon, Advocates for R-3, 4 and 6. CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) CM APPL. 68985/2024 (exemption) Exemption allowed, subject to all just exceptions. W.P.(C) 16341/2024 & CM APPL. 68984/2024 1. The request of petitioner is somewhat unusual. 2. The petitioner owns one half of industrial property situated at Khewat No.17, Khasra No.30, Kila No.24, in Sector 29, Village Hashmabad, Sonepat. 3. The other half of the property has been re-possessed by the bank by way of appointment of a receiver and is now to be auctioned. 4. Petitioner submits that since he is the owner of the adjacent portion and since the super-structure on both the abovesaid plots is integral one, Signature Not Verified Digitally Signed W.P.(C) 16341/2024 1 By:SONIA THAPLIYAL Signing Date:01.03.2025 16:12:09 recognizing his right of pre-emption, he may be permitted to match the highest bid or to purchase the property at reserve price as per the earlier auction notice issued by respondent/bank. 5. Quite evidently, the grievance of the petitioner is premature and also not entertainable. 6. If the property is, eventually, auctioned by respondent/bank, the petitioner can always participate in such auction and can always out-bid the highest bidder. 7. To that extent, his grouse does not seem to have any m