ARUN KUMAR JAIN AND ANOTHER Vs. PUNJAB NATIONAL BANK THRU MANAGER AND 3 OTHERS
LAWS(ALL)-2018-1-254
HIGH COURT OF ALLAHABAD
Decided on January 23,2018

Arun Kumar Jain And Another Appellant
VERSUS
Punjab National Bank Thru Manager And 3 Others Respondents

JUDGEMENT

Manoj Misra - (1.) - Heard Sri P.K. Jain assisted by Ms. Shreya Gupta for the petitioners and Sri Sanjai Singh for the respondent-Bank.
(2.) This petition has been filed against the orders dated 20th July, 2017 and 26th October, 2017, passed by Civil Judge (Senior Division), Muzaffar Nagar in Original Suit No. 742 of 2015 and District Judge, Muzaffar Nagar in Misc. Civil Appeal No. 21 of 2017, respectively.
(3.) The petitioners, claiming that they are tenant of secured asset, instituted Original Suit No. 742 of 2015 against the Bank and the lessors for permanent prohibitory injunction with a prayer, inter alia, that the defendants be restrained from interfering in the peaceful possession of the petitioners over the secured asset by taking recourse to the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (In short 'SARFAESI Act').;


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