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2023 Supreme(All) 278

RAJAN ROY, MANISH KUMAR
Hindustan Petroleum Corporation Ltd. Thru. Its Chief Manager – Appellant
Versus
Union Of India Thru. Ministry Of Finance Banking Division Deptt. Of Financial Services – Respondent


Advocates Appeared:
For the Appellant : Aprajita Bansal, Karan Agarwal
For the Respondent: A.S.G.I., Alok Saxena, Ashwani Kumar Singh,

JUDGMENT :

Rajan Roy, J.

1. Heard Ms. Aprajita Bansal, learned counsel for the petitioner, learned Additional Chief Standing Counsel for the State and learned Alok Saxena, learned counsel for the opposite party no. 4.

2. By means of this writ petition the petitioner-Hindustan Petroleum Corporation Ltd. has challenged an order dated 09.08.2021 passed by the District Magistrate, Sitapur in Case No. 00745 of 2021; State Bank of India Vs. M/s Shiv Geet Sales Pvt. Ltd. under Section 14 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'the SARFAESI Act, 2002').

3. The contention of the petitioner's counsel in nutshell was that the petitioner was the lessee of the secured asset and that a lease was executed by the borrower in favour of the petitioner much prior to mortgage of the said property by him with the opposite party No. 4-Bank. The lease being registered and the same not having been determined as per the provisions of Section 111 of the Transfer of Property Act, 1882, the Bank erred in proceeding under Section under Section 13 of the SARFAESI Act, 2002 in respect of the said asset and the District Magis

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