Ajit Subhash Mande And ANR. v. Bank Of Maharashtra And ORS.

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 13472 OF 2016 Ajit Subhash Mande and anr.

.... Petitioners vs Bank of Maharashtra and ors.

.... Respondents Mr. R.D. Soni I/by M/s. Ram & Company for the petitioners Mr. D. Y. Wani for the respondent No.1.

Mr. V. N. Sagare, AGP for Respondents 2 to 5/State. CORAM: ANOOP V. MOHTA AND A. S. GADKARI, JJ.

DATE : December 22, 2016 ORDER:

On hearing the Petitioners, as the proposal submitted by the Petitioners is not acceptable to the Bank and so also the suggestion given by the Bank to the Petitioners, we are inclined to dispose of the present Petition as against the order under Section 14 of SARFAESI Act, an alternate remedy is available to the Petitioners. However, considering the urgency so expressed, we are inclined to order that no cocercive steps be taken against the Petitioners for two weeks from today to enable the Petitioners to invoke an appropriate remedy. 1/2

dgm 2 906-wp-13472-16.sxw The writ petition is disposed of accordingly with the above observations. All points are kept open.

No costs.

(A. S. GADKARI, J.) (ANOOP V. MOHTA, J.) 2/2