WP/1727/2025 of Parvathaneni Satyanarayana, Vs Shriram Finance Limited,

APHC010033802025 Bench IN THE HIGH COURT OF ANDHRA PRADESH Sr.No:-4 AT AMARAVATI [3483] WRIT PETITION NO: 1727 of 2025 Parvathaneni Satyanarayana ...Petitioner Vs. Shriram Finance Limited ...Respondent ********** Advocate for Petitioner: Mr. M. Dhana Raju Advocate for Respondent: - CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 24th January, 2025. PC: Considering the fact that the petitioner has an equally efficacious alternate remedy under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, by filing an application under Section 17 of the said Act and in view of the ratio of the judgment in PHR Invent Educational Society v. UCO Bank1, it would be appropriate for the petitioner to avail the alternate remedy before the Debts Recovery Tribunal. 2. The Writ Petition is, accordingly, disposed of. No order as to costs. Pending miscellaneous applications, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ. RAVI CHEEMALAPATI, J. SSN 1 2024 SCC Online SC 528