KOGTA FINANCIAL LTD. Vs. STATE OF GUJARAT

JUDGEMENT

(1.) Respondent No.3 herein is served. However, none appears on his behalf.

(2.) By way of this petition, the petitioner has prayed to direct the respondent-authority to release the muddamal vehicle bearing registration No.RJ-27-CC-5566, which was seized in connection with the First Information Report registered under the provisions of the the Gujarat Prohibition Act (hereinafter referred to as "the Act") on suitable terms and conditions.

(3.) Learned advocate for the petitioner submitted that the petitioner is a financial institution, which has financed the vehicle in question for respondent no.3 herein. It is submitted by learned advocate for the petitioner that the vehicle in question is under hypothecation with the petitioner Company and that the respondent no.3 has not repaid the amount of loan.