WRIT - C No. 13012 of 2025 at Allahabad

AFR Neutral Citation No. ­ 2025:AHC:72361­DB Court No. ­ 40 Case :­ WRIT ­ C No. ­ 13012 of 2025 Petitioner :­ Anil Kumar Jaiswal Respondent :­ Union Bank Of India And Another Counsel for Petitioner :­ Vipul Pandey Counsel for Respondent :­ Anil Kumar Bajpai,Ashish Agrawal Hon'ble Shekhar B. Saraf,J. Hon'ble Dr. Yogendra Kumar Srivastava,J. 1. Heard Sri Rahul Agarwal, learned counsel appearing along with learned counsel, Sri Vipul Pandey, in support of this petition and Sri Anil Kumar Bajpai, learned counsel appearing on behalf of the respondent­Bank. 2. This is a writ petition under Article 226 of the Constitution of India, wherein the petitioner is aggrieved by the inaction on the part of the respondent authority(ies), in refunding the 25% of amount i.e. to the tune of Rs.17.49 Lacs, deposited by the petitioner pursuant to the e­auction dated 29.12.2023, stated to be forfeited by the respondent­Bank in exercise of Rule 9(5) of the Security Interest (Enforcement) Rules, 2002 (hereinafter referred to as “2002 Rules”). 3. The case of the petitioner is that after the petitioner failed to deposit the balance 75% within the time prescribed, the earnest money was forfeited. However, the