HON'BLE SRI JUSTICE A.RAJASHEKER REDDY
AND
HON'BLE JUSTICE G.SRI DEVI
Writ Petition No.22299 OF 2021
JUDGMENT:(per Hon'ble Sri Justice A.Rajasheker Reddy)
Heard Sri K.V.L.Jayasimha, learned counsel for the
petitioner and Sri Jadhav, learned Standing Counsel
representing Pearl Law Associates for the respondent Bank.
Learned Standing Counsel for the respondent Bank submits that against the impugned proceedings the petitioner also filed writ petition in respect of the same loan transaction and that the petitioner has alternate remedy under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (For short 'the Act of 2002').
Learned counsel for the petitioner could not dispute the fact that the petitioner has alternate remedy against impugned proceedings.
In view of above facts and circumstances, we do not see any reason to entertain the writ petition and no extraordinary circumstances are brought to the notice of this Court for entertaining the writ petition bypassing the alternate remedy.
Accordingly, this writ petition is disposed of granting liberty to the petitioner to avail alternate remedy available to him under law.
There shall be no order as to costs. As a sequel thereto, miscellaneous petitions, if any, pending in this Writ Petition, shall stand closed.
_________________________ A.RAJASHEKER REDDY, J ______________ G. SRI DEVI, J Date:15.09.2021 tk/kvs HON'BLE SRI JUSTICE A.RAJASHEKER REDDY AND HON'BLE JUSTICE G.SRI DEVI Writ Petition No.22299 OF 2021 Date: 15.09.2021 tk/kvs