M/S Alems Pharmaceutical v. The State Of Bihar

IN THE HIGH COURT OF JUDICATURE AT PATNA

Civil Writ Jurisdiction Case No.274 of 2024 ====================================================== M/s Alems Pharmaceutical through its Proprietor Sayed Manower Mohisn, resident of 1st Floor, Gupteshwar Market, Ashok Rajpath, Patna 800 004. ... ... Petitioner/s

Versus

1.

The State of Bihar through the Secretary, Department of Cooperative Government of Bihar, Patna. 2.

The Chairman, Bombay Mercantile, Cooperative Bank Ltd. 78, Mohamedali Road, Mumbai-400 003.

3.

The Managing Director, Bombay Mercantile, Cooperative Bank Ltd. 78, Mohamedali Road, Mumbai-400 003.

4.

The Branch Manager, Bombay Mercantile, Cooperative Bank Ltd., Ashok Rajpath, Patna.

5.

The Authorized Officer, Bombay Mercantile, Cooperative Bank Ltd., Dodhpur, Aligarh-202 001. ... ... Respondent/s ====================================================== Appearance :

For the Petitioner/s :

Mr. Om Prakash Singh, Adv.

For the Respondent/s :

Mr.Ajay Kumar Sinha, Sr. Adv.

Mr. Ajit Kumar Sinha, Adv.

Ms. Dilkash Khan, Adv.

For the State :

Md. Anisul Haque, AC to AAG-5 ====================================================== CORAM: HONOURABLE MR. JUSTICE A. ABHISHEK REDDY ORAL ORDER 22-07-2024 Learned counsel for the petitioner after arguing at length seeing that the Court is not in favour of the petitioner has sought permission to withdraw the present writ petition with a liberty to avail the remedy available under the SARFAESI Act and the approach the Debt Recovery Tribunal under Section 17 of the Act.

2. Having regard to the same, the present writ petition is disposed of with the aforesaid liberty. The petitioner is given

Patna High Court CWJC No.274 of 2024(7) dt.22-07-2024 2/2 four weeks time to approach the Debt Recovery Tribunal. (A. Abhishek Reddy , J) Gauravkr/- U