WRIT - C No. 36998 of 2025 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 36998 of 2025 Gangajal Enterprises Through Its Proprietor Namely Sunil Kumar Pandey .....Petitioner(s) Versus State Of U.P. And 2 Other .....Respondent(s) Counsel for Petitioner(s) : Ram Yash Chauhan Counsel for Respondent(s) : Amrish Sahai, C.S.C. Court No. - 3 HON'BLE SAUMITRA DAYAL SINGH, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Amit Kumar Tiwari holding brief of learned counsel for the petitioner, learned Standing Counsel for the State and Sri Amrish Sahai learned counsel for the 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 and third party rights have not intervened. 3. At the outset, petitioner has offered to pay the outstanding amount Rs. 19,26,188.40 /- together with entire interest due, within a period of 05 months. This offer has been accepted by learned counsel for the respondent - Bank. However, learned counsel for the bank states that the auction is proposed to be held on 17.11.2025. 4. Ac