Allahabad High Court · 2025-10-07
WRIT - C No. 35333 of 2025 at Allahabad
- Citation / case number
- WRIT - C No. 35333 of 2025 at Allahabad
- Court
- Allahabad High Court
- Petitioner
- WRIT - C No. 35333 of 2025 at Allahabad
- Respondent
- Unknown
Judgment text excerpt
HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 35333 of 2025 M/S Ranjana Enterprises .....Petitioner(s) Versus Hdfc Bank Ltd. And 2 Others .....Respondent(s) Counsel for Petitioner(s) : Ajay Kumar Rai Counsel for Respondent(s) : Ramesh Kumar Shukla Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Ajay Kumar Rai, learned counsel for the petitioner 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, petitioner has offered to pay the outstanding amount Rs. 8,32,706/- together with entire interest due, within a period of seven 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 petitioner shall clear the entire arrears due, within a period of nine months i.e. not later than 30.6.2026. (ii) In discharge of dues, the petitioner