M/s Vennala Poultries, v. The Union of India
Case brief
What is this about?
SARFAESI Act 2002 enforcement by Union Bank of India against borrower M/s Vennala Poultries and guarantor Rokkam Chitti Babu; writ petition under Article 226 not maintainable alongside Section 17 S.A.No.668 of 2025 pending before DRT Visakhapatnam; parallel proceedings barred; writ disposed of with direction to DRT to decide stay application I.A.No.4036 of 2025 by 28.11.2025; interim restraint on taking physical possession of residential house till that date; no costs.
What did the court decide?
Writ petition disposed of with a direction to the Debts Recovery Tribunal, Visakhapatnam, to dispose of the stay application in I.A.No.4036 of 2025 in S.A.No.668 of 2025 on or before 28.11.2025 on merits according to law; till 28.11.2025 the 3rd respondent-bank shall not take any steps to take physical possession of the residential house property; no order as to costs; pending interlocutory applications, if any, stand closed.