IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.9718 of 2009 M/S A.K.ENTERPRISES Versus THE STATE BANK OF INDIA & ORS ----------- 2 18.8.2009 The petitioner had filed C.W.J.C. No.7067 of 2009 for disposing of his objection pursuant to order dated 22.5.2009 passed in Appeal No.7 of 2009. The petitioner had contended that the Bank instead of charging simple interest had charged higher interest which according to him was not permissible. This Court disposed of the aforesaid writ application on 30.6.2009 with an observation and direction to the Recovery Officer to dispose of his objection . The objection filed by the petitioner has been disposed of on 15.7.2009 by Recovery Officer in R.P.No.58/05. The petitioner submitted that the principal amount was Rs.3,44,442/-lacs and according to the rate of interest applicable the amount would come around Rs.11/- lacs which he had already paid. He submits that the Recovery Officer applied wrong para meter in calculating the interest. It is stated at the bar by Mr. Mukund Jee that the cheques which were deposited have bounced, which is controverted by the petitioner. After hearing the learned counsel for the parties, this Court finds that the petitioner instead of availing the statutory remedy under section 31A of the Debts Due to Bank and Financial 2 Institution Act, 1993 has rushed to this Court. As statutory remedy is available, this writ application is permitted to be withdrawn with a liberty to the petitioner to file appropriate application before the authority concerned. Anilkrsinha (Samarendra Pratap Singh, J.)