Divya Modern Rice Mill v. the Reserve Bank of India
Case brief
What is this about?
Writ Petition 5773/2026; AP High Court Amaravati; 02.03.2026; Divya Modern Rice Mill; G. Harindra Kumar; Union Bank of India Regional Office Srikakulam and Balaga Branch; Reserve Bank of India adjudicating authority; e-auction sale notice 22-01-2026 published 25-01-2026; mandatory thirty-day period; SARFAESI Act 2002; Security Interest (Enforcement) Rules 2002; Sri Sai Annadatha Polymers v. Canara Bank; Articles 14, 19(1)(g), 21, 226; IA 1/2026 Section 151 CPC stay; dismissed as withdrawn; liberty to approach DRT Visakhapatnam; no merits adjudication.
What did the court decide?
Dismissed as withdrawn with liberty to approach the Debts Recovery Tribunal, Visakhapatnam, for redressal of the grievance; no order as to costs; pending miscellaneous petitions, if any, stand closed. ¶¶32