Allahabad High Court
WRIC/40896/2026 of M/S YKG EXPORTS Vs CENTRAL BANK OF INDIA AND 3 OTHERS on 6 October 2026
JUDICATURE AT ALLAHABAD WRIT - C No. - 40896 of 2026 Court No. - 9 HON'BLE ROHIT RANJAN AGARWAL, J. 1. This is a petition on behalf of borrower. 2. It is contended that proceeding for securitisation was initiated against petitioner by respondent-Bank which had led to filing securitisation
HIGH COURT OF JUDICATURE AT ALLAHABAD
WRIT - C No. - 40896 of 2026
Court No. - 9
HON'BLE ROHIT RANJAN AGARWAL, J.
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1. This is a petition on behalf of borrower.
2. It is contended that proceeding for securitisation was initiated against petitioner by respondent-Bank which had led to filing securitisation application being SA No. 658 of 2026, which is pending consideration. In the said application, an application for grant of stay was also moved, which is pending consideration. The writ petition has been filed for directing Debts Recovery Tribunal to expedite the said proceeding.
3. As no useful purpose would be served in keeping the matter pending, the writ petition is being disposed of, at the admission stage, without calling for counter affidavit or issuing notice to private respondents, requiring the Debts Recovery Tribunal, Allahabad to decide the stay application, in accordance with law, by the next date fixed or within three weeks from the date of production of certified copy of this order, whichever is earlier. Further, the Tribunal shall proceed with SA No. 658 of 2026 and make every endeavour to decide the same, within next six months.
4. With the aforesaid directions, writ petition stands disposed of.
5. It is made clear that this Court has not adjudicated the matter on merits. October 7, 2026 (V. S. SINGH) Versus Counsel for Petitioner(s) : Kaif Mohammad, Praveen Kumar Counsel for Respondent(s) : Gyan Prakash Shrivastava (Rohit Ranjan Agarwal,J.) M/S Ykg Exports .....Petitioner(s) Central Bank Of India And 3 Others .....Respondent(s) Digitally signed by :- VIDYA SAGAR SINGH High Court of Judicature at Allahabad