WRIT - C No. 34323 of 2025 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 34323 of 2025 Mohammad Shahid And Another .....Petitioner(s) Versus Union Of India And Another .....Respondent(s) Counsel for Petitioner(s) : Ayushi Singh, Navin Kumar Counsel for Respondent(s) : A.S.G.I., Anadi Krishna Narayana Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Navin Kumar learned counsel for the petitioners and Sri Shashi Dhar Sahai learned counsel for the respondent bank. 2. Petitioners have 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 and no third party rights have intervened. 3. At the outset, petitioners have offered to pay the outstanding amount Rs. 5,94,576.60 /- together with entire interest due, within a period of 06 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 06 months i.e.