Sawaru Rai v. The State Bank Of India And ORS

IN THE HIGH COURT OF JUDICATURE AT PATNA

Civil Writ Jurisdiction Case No.16416 of 2012 =========================================================== Sawaru Rai son of Late Moti Rai, resident of village-Bara Basantpur, P.O. Daulatpur, Police Station-Ara Muffasil, District Bhojpur (Ara) .... .... Petitioner

Versus

1. The State Bank of India through its Zonal Manager, Patna.

2. Regional Manager, The State Bank of India, Ara, Bhojpur

3. Branch Manager, The State Bank of India, Saraian Branch, District Bhojpur .... .... Respondents =========================================================== Appearance:

For the Petitioner : Mr. Jitendra Prasad Singh, Adv.

For the S.B.I.

: Mr. Rakesh Kumar Singh, Adv.

=========================================================== CORAM: HONOURABLE MR. JUSTICE VIKASH JAIN ORAL JUDGMENT Date: 16-08-2016 Heard learned counsel for the petitioner and learned counsel for the respondent Bank.

2. The present writ petition has been filed for quashing the auction notice dated 21.07.2012 issued under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

3. At the outset itself, learned counsel for the petitioner fairly accepts that he has statutory remedy against the impugned action of the respondents before the Debts Recovery Tribunal.

4. The writ petition accordingly stands disposed granting liberty to the petitioner to have recourse to any statutory remedy as may be available to him in accordance with law. (Vikash Jain, J) Md. Ibrarul/Chandran AFR/NAFR NAFR CAV DATE N.A.

Uploading Date 17.08.2016 Transmission Date N.A.