Dismissed¶18
Rajesh Prasad and Ors. v. Punjab National Bank and Ors.
Calcutta HCWPA/3906/2026
Case brief
AI extract
What is this about?
Maintainability of writ petition against bank recovery action; alternative remedy under Recovery of Debts and Bankruptcy Act, 1993; Section 14 proceedings; one-time settlement allegedly resiled despite payment; auction of secured assets by private respondents; Punjab National Bank; WPA 3906 of 2026; Ravi Krishan Kapur, J.; decided 09.03.2026; writ dismissed with liberty to avail statutory remedy; no costs.
What did the court decide?
Liberty granted to the petitioner to avail of the statutory alternative remedy in accordance with law; no order as to costs. ¶18