WRIT - C No. 18732 of 2026 at Allahabad

HIGH COURT OF JUDICATURE AT ALLAHABAD WRIT - C No. - 18732 of 2026 Mohammad Rizwan Qureshi .....Petitioner(s) Versus State Of Up And 2 Others .....Respondent(s) Counsel for Petitioner(s) : Srijan Pandey Counsel for Respondent(s) : C.S.C., Ramesh Kumar Shukla Court No. - 1 HON'BLE AJIT KUMAR, J. HON'BLE INDRAJEET SHUKLA, J. 1. Heard Sri Srijan Pandey, learned counsel for the petitioner, Sri Ramesh Kumar Shukla, learned counsel for respondent no. 3 as well as Sri Mukul Tripathi, learned Standing Counsel for the State respondents. 2. By means of this petition filed under Article 226 of the Constitution, petitioner has questioned the proceedings drawn by respondent no. 3 under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'Act, 2002') on the ground that the total secured debt which is to be cleared by the petitioner as per bank's own agreement, is less than Rs. 20 lacs and therefore, despite the third respondent being notified as non banking financial institution by the Reserve Bank of India (RBI) in view of the gazette notification issued by the Ministry of Finance, the secured debt being of less th