Krishnaram P. Bishnoi v. The Board Of Directors Of Iob Represented By Its Chairman And Managing Director And 9 ORS.

suresh 903-WP-3052.2014.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.3052 OF 2014 Krishnaram P. Bishnoi .... Petitioner Vs.

The Board of Director of the IOB & Others .... Respondents Mr. Mathews Nedumpara for the Petitioner.

None for the Respondents.

CORAM: S.C. DHARMADHIKARI & B.P. COLABAWALLA, JJ.

DATE : OCTOBER 13, 2016 P.C:

1.

The petitioner has alternate and equally efficacious remedies available and can pursue them. Those can be pursued in accordance with law. We do not think that the writ petition can be entertained and matters arising from the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The writ petition is, therefore, disposed of with liberty to avail of all the remedies and available in law.

suresh 903-WP-3052.2014.doc 2.

This writ petition and some others had to be filed only because at one time the petitioners were apprehending that an alternate forum or remedy being unavailable to them. Now it is stated that the issue arising out of a resolution passed by the Presiding Officers of the Debts Recovery Tribunal has been resolved. The petitioner is, therefore, granted the above liberty. (B.P. COLABAWALLA, J.) (S.C. DHARMADHIKARI, J.)