M/S Shanti Textile v. Authorised Officer State Bank Of India And ORS

IN THE HIGH COURT OF JUDICATURE AT PATNA

Civil Writ Jurisdiction Case No.18610 of 2012 =========================================================== M/s Shanti Textile through its proprietor Deependra Lal, Adarsh Bazar, Bharawper, Bihar Sharif, District- Nalanda .... .... Petitioner

Versus

1. Authorised Officer, State Bank of India, Bazar Branch, Bihar Sharif, Nalanda

2. Branch Manager, State Bank of India, Branch Biharsharif, District- Nalanda

3. State of Bihar through Collector of Nalanda .... .... Respondents =========================================================== Appearance :

For the Petitioner : None For the State : Mr. Anjani Kumar AAG 3 For Respondent-Bank : Mr. Kaushlendra Kumar Sinha, Advocate =========================================================== CORAM: HONOURABLE MR. JUSTICE VIKASH JAIN ORAL JUDGMENT Date: 27-09-2016 The present writ petition has been filed seeking quashing of the order dated 11.01.2012 along with newspaper publication (Annexures 2 and 3 series) by which the respondent-Bank has taken recourse to the initiation of the proceeding under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ('SARFAESI Act') for recovery of its dues.

2. None appeared on behalf of the petitioner despite repeated calls yesterday, and once again the petitioner is not represented when the matter is called out today.

3. Learned counsel for the respondent-Bank states that the petitioner has since liquidated the entire outstanding amount and the account of the petitioner has now been closed.

Patna High Court CWJC No.18610 of 2012 dt.27-09-2016 2/2

4. Having regard to the stand taken on behalf of the respondent-Bank, the writ petition stands disposed. (Vikash Jain, J) B.T/Ibrar AFR/NAFR NAFR CAV DATE N.A.

Uploading Date 28.09.2016 Transmission Date N.A