INDIA ALLOYS Vs. ALLAHABAD BANK & OTHERS

JUDGEMENT

(1.) The present petition has been preferred mainly because of an action initiated by the concerned respondent bank under Sec. 13(4) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Industrial Act, 2002.

(2.) Having heard learned counsel for both the sides and looking to the facts and circumstances of the case, I see no reason to entertain this writ petition mainly for the following facts and reasons:

(3.) As a cumulative effect of the aforesaid facts and reasons, I am not inclined to exercise, extra ordinary jurisdiction in exercise of the power conferred to this Court under Art. 226 of the Constitution of India. There is no substance in this petition and hence the same is dismissed.