Noble Co-Operative Bank Limited v. State Of Uttar Pradesh And 6 Others
Case at a glance
- Decided
- 16 Jul 2025
- Bench
- SHEKHAR B SARAF, PRAVEEN KUMAR GIRI
- Neutral citation
- 2025:AHC:114704-DB
Outcome
Disposed of
Accordingly, the writ petition is disposed of with liberty granted
Provisions considered
Key paragraphs
- Para 55. In light of the situations that are unfolded, we are of the view that the petitioner should seek alternative avenues to satisfy its outstandings.
- Para 66. Accordingly, the writ petition is disposed of with liberty granted to the petitioner to approach the appropriate authorities in accordance with law. Order Date :- 16.7.2025 Kuldeep (Praveen Kumar Giri, J.) (Shekhar B. Saraf, J.) KULDEEP SINGH High Court of Judicature at Allahabad
Judgment
Instructions filed by the learned Standing Counsel in Court today be kept on record. A copy of the same has also been handed over to the counsel appearing on behalf of the petitioner.
Heard learned counsel appearing on behalf of the parties.
Upon perusal of the instructions, it appears that the hypothecated assets are no longer in the premises for which an order under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been passed.
Counsel appearing on behalf of the petitioner also submits that the borrower is absconding.
In light of the situations that are unfolded, we are of the view that the petitioner should seek alternative avenues to satisfy its outstandings.
Operative part
Accordingly, the writ petition is disposed of with liberty granted to the petitioner to approach the appropriate authorities in accordance with law. Order Date :- 16.7.2025 Kuldeep (Praveen Kumar Giri, J.) (Shekhar B. Saraf, J.) KULDEEP SINGH High Court of Judicature at Allahabad
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: Accordingly, the writ petition is disposed of with liberty granted
Which statutory provisions did this judgment involve?
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
Which court decided this case, and when?
Allahabad High Court, on 16 Jul 2025. The bench was SHEKHAR B SARAF, PRAVEEN KUMAR GIRI.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.