M/S Ruby Synthetic And ANR v. The Authorized Officer Allahabad Bank And ANR

IN THE HIGH COURT OF JUDICATURE AT PATNA

Civil Writ Jurisdiction Case No.12937 of 2013 =========================================================== M/S Ruby Synthetic through its Proprietor, Md. Jahir Ahmad, son of late Md. Idris, At And P.O.- Sarimpur, P.S.- Buxar (Industrial), District- Buxar

2. Md. Hamid Khan, son of Rashid Khan, residing at and P.O.- Sarimpur, P.S.- Buxar (Industrial), District- Buxar .... .... Petitioners

Versus

1. The Authorized Officer Allahabad Bank, Zonal Office, Budh Marg, Patna-1

2. The Branch Manager, Allahabad Bank, Buxar Branch, Buxar .... .... Respondents =========================================================== Appearance :

For the Petitioners : Mr. Rana Ishwar Chandra, Advocate For the Respondents : Mr. Manoj Kumar, Advocate =========================================================== CORAM: HONOURABLE MR. JUSTICE VIKASH JAIN ORAL JUDGMENT Date: 04-09-2018 The present writ petition has been filed for a direction to the respondents to dispose of the petitioners' representation under Section 13(3-A) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short "SARFAESI Act"); for quashing the SARFAESI proceeding initiated for recovery of Rs. 6,53,365/- from the petitioner; and for connected reliefs.

2. At the very outset, learned counsel for the respondentBank states on instruction that the matter has since been compromised between the parties and the account of the petitioner has now been

Patna High Court CWJC No.12937 of 2013 dt.04-09-2018 2/2 closed in the book of account through write-off.

3. Having regard to the stand of the respondent-Bank, the writ petition stands disposed of.

(Vikash Jain, J) B.T/Chandran AFR/NAFR NAFR CAV DATE N.A.

Uploading Date 11.09.2018 Transmission Date N.A.