Dr. (Shri.) Suresh D. Ramrakhiyani And ANR v. Canara Bank And ANR

1/1 905-wpst-757-2020.doc pdp

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION STAMP NO. 757 OF 2020 Dr. (Shri) Suresh D. Ramrakhiyani & Anr.

..Petitioners Vs.

Canara Bank and Anr.

..Respondents Mr. S. P. Kanuga i/by Sapna Nath for Petitioners. Ms. Shradha Agrawal i/by Rajkumar Shukla for Respondent No.1. Mr. M. M. Pabale, AGP for Respondent No.2- State. CORAM: PRADEEP NANDRAJOG, CJ. & SMT. BHARATI DANGRE, J.

JANUARY 17, 2020 P.C.

1.

Petitioners have an efficacious remedy by preferring an application under Section 17 of the SARFAESI, 2002 to question the entitlement of the first Respondent-Bank to monetize the secured asset.

2.

Thus, we decline to entertain the Writ Petition. The Writ Petition is dismissed.

SMT. BHARATI DANGRE, J. CHIEF JUSTICE Pravin D.

Pandit Digitally signed by Pravin D.

Pandit Date:

2020.01.18 15:20:24 +0530