Authority: High Court of Uttarakhand
Order Date: 21 August 2026
Case Overview
- Petitioners: M/s Akshit Telecom and others; Respondent: RBL Bank Ltd.
- Petition filed under writ jurisdiction (WPMS/2567/2026) challenging an order dated 11‑08‑2026 passed by the IIIrd Additional Chief Judicial Magistrate, Dehradun under Section 14 of the SARFAESI Act (Suit No.311/2025).
- Petitioners sought: (a) quashing of the impugned SARFAESI order, (b) mandamus directing RBL Bank to consider settlement and loan‑tenor extension per RBI guidelines, (c) permission to repay dues in reasonable installments due to Covid‑19 hardships.
- The court observed that such reliefs are not maintainable under Article 227 of the Constitution because the appropriate remedy lies under Section 17 of the SARFAESI Act.
Final Outcome
- The writ petition is disposed of; petitioners are directed to make a representation before the competent authority of RBL Bank within three days of the order.
- RBL Bank must decide on the representation within one week of receipt; no coercive action shall be taken against the petitioners pending that decision.
- No further relief is granted by the court.
Topics: Court Order, SARFAESI Act, Loan Restructuring