WRIT - C No. 33393 of 2025 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 33393 of 2025 Mr Hari Babu (Borrower) And Another .....Petitioner(s) Versus State Of U.P. And 3 Others .....Respondent(s) Counsel for Petitioner(s) : Amit Kumar Pandey, Durvesh Kumar Counsel for Respondent(s) : C.S.C., Ramesh Kumar Shukla Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Durvesh Kumar, learned counsel for the petitioners and Sri Ramesh Kumar Shukla, learned counsel for the respondent - Bank. 2. Petitioner has committed default in repayment of secured debt to the respondent-Bank. Bank has initiated proceedings under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, no auction has taken place. 3. At the outset, petitioners have offered to pay the outstanding amount Rs. 10,75,541/- together with entire interest due, within a period of three months. This offer has been accepted by learned counsel for the respondent - Bank. 4. Accordingly, the writ petition is disposed of with the following directions: (i) The petitioners shall clear the entire arrears due, within a period of three months i.e. not later than 31 Janu