VBC 1 wp7490.11-21.11 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE WRIT PETITION NO.7490 OF 2011 Jarandeshwar Sahakari Sakhar Karkhana Ltd. ..Petitioner. versus The Maharashtra State Co­op.Bank Ltd.& Ors. ..Respondents. ..... Mr.Nitin Pradhan i/b. Ms.Shubhada Khot for the Petitioner. Mr. Sameer N.Patil for Respondent Nos.3 and 4. ..... CORAM : DR.D.Y.CHANDRACHUD & A. A. SAYED, JJ. November 21, 2011. P.C. : Counsel appearing on behalf of the Petitioner states that the plant and machinery of the Petitioner has been sold by the First Respondent in exercise of the power conferred by the Securitisation and Reconsruction of Financial Assets and Enforcement of Security Interest Act, 2002. In view of this statement, it is evident that the Writ Petition under Article 226 of the Constitution would not be maintainable since the Petitioner has recourse to the remedies under Section 17 of the Act. We accordingly dispose of this petition, leaving it open to the Petitioner to pursue those remedies in accordance with law. The Tribunal shall deal with the VBC 2 wp7490.11-21.11 application that may be filed by the Petitioner in exercise of the alternate remedy available, on merits in accordance with law. The Petition is accordingly disposed of. ( Dr.D.Y.Chandrachud, J.) ( A. A. Sayed, J.)