Disposed

Smt Shanti Jaiswal and Anr. v. Idfc Bank Limited

DRT11 Dec 2023SA/998/2023

Case brief

AI extract

What is this about?

Debt Recovery Tribunal deferred to a direction given by City Civil Magistrate Calcutta under SARFAESI Act Section 14 and directed the respondent bank not to initiate SARFAESI action against properties wrongly included in the deletion order.

What did the court decide?

Direction not to initiate any SARFAESI action in respect of premises no. 26D, Amherst Row, Kolkata-700009 and related passages.

Smt Shanti Jaiswal and Anr. versus Idfc Bank Limited — Banking and Recovery | DRT (2023)

¶1

tll

¶2

Debts Recovery Tribunal-Ill,^Kolkata Order Sheet (Continuation)

¶3

Smt. Shanti laiswal^{& Ors..}

¶4

¶5

CaSe No.^SAl99al2lJ23

¶6

IDFC First Bank Ltd.&^Ors..

¶7

	Orderwithsignature	Officeaction withdateand dated signatureof paitieswhen
OrderNo.3 fl.12.2023	Present: ForApplicant:^{Ld,seniorCounselMr.A KDhandhaniawith} Ms.S,l'4ishra ForRespondent^{: Ld.Counsel Mr.A. Singh} 1A13479123is^{takenupforhearing.} HeardLd, Counsel^{forbothsides.} Considered, Infilingthe^{petitiontheSAapplicant allegesthatapplicantno1 is wife} ofLaleBasudeo^{.]aiswalandapplicantno2 issonofLateBasudeo} Jarswal.Applicantsare^{absoluteownersofno26D,Amherstl} Row,Kolkata-7oo^{OO9.Theyareneitherborrowersnorguarantorsnor} mortgagors.Theydo^{nothaveany connectionwiththeloan transaction} or withtheborroweror^{withtherespondentbank.} Respondent bankhasobtaaned^{an orderdated04/10/23undersection14} ofthesarfaesiAct,2OO2from^{CMM, Calcuttafortakingphysical} possessionofseveralpropertiesincluding^{no.26D,Amherst} Row,Kolkata-700 009, SAapplicant^prayedfor^notto^{giveany effecttotheorderdated} O4l1Ol23^passedbytheCMM,Calcutta^{inrespectofthepropertybeing} premises no.26D,AmherstRow,Kolkata-700 009. Ld.Counselappearing^{fortherespondentbanksubmitsthatpremises} no.26D,AmherstRow,Kolkata-7oo^{009,haswronglyandmistakenly} beenmentionedin^{theimpugnedorderofCIYM,CalcuttaandBankis} not^goingtotakeany^{coercivemeasureinrespectofthesaidproperty'} lnviewofthesubmission^{bytheld.counselfor therespondent bank,} therespondentbank^{is directednottoinitiateany sarfaesiactionin} respectofpremises no.26D,^{AmherstRow,Kolkata-7oo009 andalsoin} respectofthecommon^{passageleadingtopremises no.26D,Amherst} Row,Kolkata-7ooOO9^{andpremises no.26E,AmherstRow,Kolkata-7oo} 009 Hence, instantIAl3419/23^{isthusdisposedof.} Uponsubmissionof^{Ld.counselsforbothsides,SA/998/23isalso} disposedofinthe^{lightoftheorderas above.PendingIAs, if any, are} also disposedofaccordinglY, Matterbeconsiqned^{torecord roomafter obtaining formalities'} (KamalDe) PresidingOfflcer-^DRT-3

Smt Shanti Jaiswal and Anr. v. Idfc Bank Limited

Case brief

What is this about?

What did the court decide?

Smt Shanti Jaiswal and Anr. v. Idfc Bank Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Icici Bank Limited versus Abul Hosen Laskar and Anr.

Union Bank of India (Andhra Bank) versus M/S Venus Toys Pvt. Ltd. and Ors.

Union Bank of India versus Prakash Kumar

State Bank of India versus Suprio Choudhury and Anr.

Punjab National Bank versus M/S Ghosh Traders and Anr.

Chhanda Ghosh and Anr. versus Punjab National Bank