[2026:RJ-JD:8379]

HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR S.B. Civil Writ Petition No. 2486/2026 M/s. Vtwentynine Manufacturing And Marketing Private Limited, Through Its Authorised Signatory Himanshu Kumar Bishnoi S/o Mohan Kumar Bishnoi Aged About 24 Years Having Address At

105 Mahaveer Nagar, Kudibhagtasani, District Jodhpur.

----Petitioner Versus Union Bank Of India, Through Its Authorized Officer Having Branch Office At Cyber 7, Riico Cyber Park, Heavy Industrial Area, Jodhpur.

----Respondent For Petitioner(s) : Mr. Kunal Upadhyay.

Mr. Shailendra Gwala.

For Respondent(s) : Mr. Himanshu Solanki.

HON'BLE MR. JUSTICE KULDEEP MATHUR

Order

13/02/2026

1. By way of filing the present writ petition, the petitioner has prayed for the following reliefs:

“the impugned Notice dated 18.12.2025 & 07.01.2026 (Annex.5 & Annex.6) issued by the respondent-Bank may kindly be quashed and set aside.”

2. Heard learned counsel for the parties.

3. Having heard learned counsel for the parties, this Court prima facie finds that as on date, more than 3 crores 68 lacs rupees alongwith other incidental charges are due against the present petitioner and due to default of the petitioner, the respondent-Bank has initiated proceedings under the SARFAESI Act to take possession of the mortgaged asset in order to realise its due.

4. Learned counsel for the petitioner submitted that the petitioner is prepared to clear off the entire loan amount, however, a request was made that the petitioner may be granted some time to deposit the loan amount. He also prayed that the respondent- Bank may be directed not to proceed in accordance with the SARAESI Act to take possession of the petitioner’s mortgaged asset.

5. Having heard learned counsel for the parties and having considered the fact that the petitioner is ready and willing to pay off the loan amount, the present writ petition is disposed of with the following directions:

(i) that the petitioner shall deposit a sum of Rs.50,00,000/- within a period of ten days from today until then, the respondent- Bank is directed to hold the proceedings initiated against the petitioner under the SARFAESI Act.

(ii) that the petitioner shall have to deposit the remaining amount in the monthly installments as may be determined by the respondent-Bank which shall be communicated to the petitioner within a period of twenty days from today.

(iii) In case, the petitioner fails to pay the lump-sum amount as directed above within the stipulated time and also fails to pay any of the monthly installments as determined by the respondent- Bank then the respondent-Bank shall be free to take possession of the mortgaged asset of the petitioner and the proceeding under the SARFAESI Act which the respondent-Bank has already initiated against the petitioner, shall stand revived.

6. With the aforesaid directions, the writ petition as well as stay application are disposed of.

(KULDEEP MATHUR),J

6-Tikam/-