HON'BLE SRI JUSTICE A.RAJASHEKER REDDY
AND
HON'BLE JUSTICE G.SRI DEVI
Writ Petition No.22272 OF 2021
JUDGMENT:(per Hon'ble Sri Justice A.Rajasheker Reddy)
This Writ Petition is filed challenging the action of the
respondent in rejecting his offer vide order dated 04.08.2021
wherein and whereby the offer made by the petitioner was rejected by the respondent Bank as being too low.
Heard learned counsel for the petitioner. In this case, it is to be seen that the petitioner challenges the possession notice dated 11.08.2021, against which, admittedly, petitioner has alternate remedy under Section 17 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (For short 'the Act of 2002').
Since the learned counsel for the petitioner raised controversy regarding possession notice, the said aspect can be raised before the Tribunal, and no extraordinary circumstances are brought before this Court for bypassing the alternate remedy under Section 17 of the Act of 2002.
In view of above facts and circumstances, this writ petition is disposed of granting liberty to the petitioner to avail alternate remedy under Section 17 of the Act of 2002, if he is so advised.
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.22272 OF 2021 Date: 15.09.2021 tk/kvs