WRIT - C No. 34393 of 2025 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 34393 of 2025 M/S Daurli Ispat Private Limited .....Petitioner(s) Versus State Of U.P. And 2 Others .....Respondent(s) Counsel for Petitioner(s) : Pramod Kumar Sinha Counsel for Respondent(s) : C.S.C., Satish Chaturvedi Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard learned counsel for the parties. 2. Present writ petition has been filed for the following relief : "(i) issue a writ, order or direction in the nature of Mandamus commanding the respondent No.2 to allow One Time Settlement as proposed by the petitioner in his application dated 01.05.2025 (Annexure No. 10 to the writ petition). (ii) issue a writ, order or direction in the nature of certiorari calling the impugned auction sale for records and quashing the order dated 16.09.2025 in favour of the respondent no.3 by the respondent no.2 (Annexure No.12 to writ petition)." 3. At the outset, Sri Pramod Kumar Sinha, learned counsel for the petitioner states, the "secured asset" has been auctioned on 16.09.2025 on the bid amount Rs. 3,16,00,000/- 4. In such circumstances, learned counsel for the petitioner submits, the bank has acted arbit