WP/6864/2025 of DARAPUREDDY SRINIVAS Vs THE UNION OF INDIA

APHC010135222025 Bench Sr.No:-5 IN THE HIGH COURT OF ANDHRA PRADESH [3483] AT AMARAVATI WRIT PETITION NO: 6864 of 2025 Darapureddy Srinivas and others ...Petitioners Vs. The Union of India and another ...Respondents ********** Advocate for Petitioners : Sri P. Rajesh Babu Advocate for Respondents : None CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 18th March 2025 PC: In view of the fact that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2002 (for short, “the SARFAESI Act”) provides an effective alternate remedy by way of an appeal before the Debts Recovery Tribunal, which can very well be availed by the petitioners, we do not find any reason to interfere at this stage by invoking our extraordinary jurisdiction considering the ratio of the judgments rendered by the Apex Court in Radha Krishan Industries v. State of H.P.,1 and United Bank of India vs. Satyawati Tondon2. The Writ Petition is, accordingly, dismissed. No order as to costs. 1 (2021) 6 SCC 771 2 [(2010)8 SCC 110 : 2010 INSC 428] 2 Pending miscellaneous applications, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ RAVI CHEEMAL