M/S Visual Instinct India Pvt. Ltd., Nagpur, Thr. Director, Sandeep Dinkar Jat and Another v. Indian Overseas Bank, Nagpur Main Branch, Thr. Authorized Officer and Ors.
Case brief
What is this about?
SARFAESI Act Section 17 application undecided; DRT Nagpur Presiding Officer Shri Pankaj Kumar; contempt notice returnable 04.03.2026 for non-compliance with High Court order dated 26.09.2025 fixing fifteen-day deadline; liberty to petitioner M/s. Visual Instinct India Pvt. Ltd. to challenge IA order before Debts Recovery Appellate Tribunal; stay continued three weeks then automatic vacation; respondents include Indian Overseas Bank; Bench: Anil S. Kilor and Raj D. Wakode, JJ.; Writ Petition No. 5751 of 2025, decided 10.02.2026.
What did the court decide?
Contempt notice issued to Shri Pankaj Kumar, Presiding Officer, Debts Recovery Tribunal, Nagpur, returnable on 04.03.2026; liberty granted to the petitioner to challenge the order passed in IA before the Debts Recovery Appellate Tribunal; existing stay in the petitioner's favour continued for three weeks from 10.02.2026, to stand automatically vacated upon expiry of that period.