Speed Fast Construction Private Limited v. the Authorised Officer, Indian Bank and Ors.
Case brief
What is this about?
Speed Fast Construction Private Ltd v. Authorised Officer, Indian Bank; CO/129/2025; Calcutta HC Jalpaiguri Circuit Bench; Ravi Krishan Kapur J.; 04.07.2025; SARFAESI Section 14 order challenged under Section 17 (Diary No/245/2025) before DRT Siliguri; denial of access to justice; put up petition for early hearing; interim relief to be decided by 8 July 2025 on expiry of interim orders dated 11th and 17th June 2025; auction purchaser liberty including impleadment; no merits decided, issues left open; Debt Recovery Tribunal Act 1993 Section 17 as cited.
What did the court decide?
Liberty to the applicant to file a put up petition in the pending Section 17 proceeding before the DRT praying for early hearing; DRT directed to hear the prayer for interim relief and pass necessary order by 8 July, 2025 (interim order expiring 8th July, 2025); liberty to the auction purchaser to raise all issues before the DRT including impleadment; no expression on merits, all issues left open.