Asheesh Kumar Singh v. Nagar Vikas Sahkari Bank Ltd. Hardoi Thru. Manager/Secy. and 2 Others
Case brief
What is this about?
Allahabad High Court (Lucknow Bench), Court No. 5, Writ-C No. 5037 of 2026, decided May 18, 2026; Bench: Alok Mathur and Amitabh Kumar Rai, JJ. Guarantor-petitioner Asheesh Kumar Singh (counsel: Anoop Vajpayee, Atul Kumar Yadav) challenged the SARFAESI auction sale notice dated 28.04.2026 and notice dated 05.05.2026 issued by Nagar Vikas Sahkari Bank Ltd., Hardoi (counsel: Sumeet Tahilramani) concerning borrower respondent No.3's defaulted Rs.6 lakh loan of 01.07.2022, which had become an NPA. Writ petition DISMISSED on the alternative-remedy principle: relief lies before the DRT via a Section 17 SARFAESI Act Securitization Application; United Bank of India v. Satyawati Tondon, (2010) 8 SCC 110, para 55 relied upon; Article 226 jurisdiction declined. Keywords: SARFAESI Section 17; Securitization Application; DRT; efficacious remedy; auction sale notice; guarantor; NPA; Article 226 restraint.