Axis Bank Ltd Through Its Authorized Officer v. The Divisional Commissioner Aurangabad And Others

(1) 931 WP 13999.2024.odt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

BENCH AT AURANGABAD 931 WRIT PETITION NO. 13999 OF 2024 AXIS BANK LTD THROUGH ITS AUTHORIZED OFFICER

VERSUS

THE DIVISIONAL COMMISSIONER AURANGABAD AND OTHERS ...

Mr. Wasif Shaikh, Advocate holding for Mr. M.D. Narwadkar, Advocate for the petitioner.

Ms. P.J. Bharad, A.G.P. for the respondents/State. ...

CORAM :

MANGESH S. PATIL & PRAFULLA S. KHUBALKAR, JJ.

DATED :

19 DECEMBER 2024 ORDER:- .

The petitioner is a secured creditor waiting for execution of the order passed by respondent No. 2 District Magistrate and Collector, Aurangabad under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act dated 22.07.2023. 2.

We have heard learned Advocate for the petitioner as also the learned A.G.P.

3.

The writ petition is disposed of directing respondent Nos.2 and 4 to take appropriate effective steps as contemplated under that provision as expeditiously as possible and in any case within four weeks in tune with the directions issued in

(2) 931 WP 13999.2024.odt the matter of L & T Finance Ltd vs State of Maharashtra, 2023 DGLS (Bom.) 3492, unless operation of the order passed by respondent No.2 stands otherwise stayed pursuant to some order.

(PRAFULLA S. KHUBALKAR) (MANGESH S. PATIL) JUDGE JUDGE VD_Dhirde