Jayesh Oil Trade Pvt. Ltd. v. State Bank Of India And 11 ORS.

WPL.86-2017 Dond

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION LODG.NO. 86 OF 2017 Jayesh Oil Trade Pvt. Ltd.

..Petitioner Vs.

State Bank of India & Ors.

..Respondents ----- Mr. Mathews J. Nedumpara i/b Ms. Rohini Amin for Petitioner. Mr. Rohit Gupta a/w Mr. Vivek Sawant for Respondent Nos.1 to 3. Mr. Asif Patel, AGP for Respondent No.4.

----- CORAM: R.M. BORDE AND A.S. GADKARI, JJ.

DATE: 12 JANUARY 2017.

P.C.:

The learned counsel for the Respondent-Bank on instructions submits that the bank be permitted to proceed with the auction proceedings, however, the possession of the secured assets would not be handed over to the successful bidder during the period of two weeks from today to enable the petitioner to approach the alternate forum and/or avail appropriate remedy as available in law.

WPL.86-2017 In view of the statement made by the learned counsel for the Respondent-Bank, no interim orders.

Writ Petition stands disposed of with liberty to the Petitioner to adopt appropriate remedies as available in law. (A.S. GADKARI,J.) (R.M. BORDE, J.)