Partly allowed

Authorized Officer of Punjab and Sind Bank v. Sri Tapan Mriddha

DRT5 Dec 2024MA/29/2024

Case brief

AI extract

What is this about?

Bank sought modification of an order dismissing SARFAESI proceedings on settlement ground. Tribunal found no settlement occurred, bank proceeded with enforcement, and order was modified to dismiss the SARFAESI application while allowing fresh proceedings.

What did the court decide?

SARFAESI application dismissed as withdrawn; bank at liberty to initiate fresh proceedings.

Authorized Officer of Punjab and Sind Bank versus Sri Tapan… — Banking and Recovery | DRT (2024)

¶1

Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation)

¶2

CaseNo.MA/2	9l2024 Punjab &sindBankvs.Tapan Mriddha
DateofOrder	orderwithsignature
OrderNo.3 Dt.5/12t2024 Sl,No, Som	Present: ForApplicant:1,1r.Md.AmjadAli,LdCounsel ForDef. :Mr.OGanguly,Ldcounsel MA, No.29of2024^rstaken^upforheanng. I lnfitingthe^petitionthe Applicant^{has prayedformodificationof} I theorder dated27tO912024^{passedby this Tribunal.Itis stated} ] thattheDefendantEank^{decrdedtowrthdrawtheSARFAESI} proceedingsinitiatedagainsttheborrower^{forsomeinherent} errorrntheSARFAESI^{proceedingandifrequired,theEankwrll} initiate fresh^{proceedingincompliancewithlegal requirementin} theSARFAESIAct.^{Thecasewaslistedforhearingon} 27l1gl2\24andthe^{LdTribunal waspleasedtodismissthecase} asbeing settled^{amicably.But therehas beennosettlement} betweenthe^{parties andtheBank hasinitiatedSARFAESIaction} againstthedeceased^{personandaccordinglyBank intends to} withdrawtheSARFAEST^{measuresandnoapplicat'onfor} settlementis also^filed. Itappearsthatthis^{Trlbunalhaspassedthe orderdlsmissing the} SARFAESIapplication^{as being settledamicablyltis submitted} thatnosetttement^{is arrivedatandtheDefendant Bank intends} toinitiate freshSARFAESI^{proceeding,ifrequired,inaccordance} withlaw. Accordlngly^{the order dated27/09/2024is modifiedin} the following^manner- Henceordered- SARFAESIapplicahon^{being S.A.No.863 of 2022isdrsmissedas} qARFAESIactroniswithdrawnbytheDefendantBank^Defendant I I^{OankisatlibertytotakefreshSARFAESIproceedrngsin} Laccordancewithlaw. Ilvl No-zg of 2o2ais disposed^of. {^{Kamal De})^-- PresidingOfficer DRT-3.Kolkata

CaseNo.MA/2

9l2024
Punjab &sindBankvs.Tapan Mriddha

DateofOrder

orderwithsignature

OrderNo.3
Dt.5/12t2024
Sl,No,
Som

Present:
ForApplicant:1,1r.Md.AmjadAli,LdCounsel
ForDef.
:Mr.OGanguly,Ldcounsel
MA, No.29of2024^rstaken^upforheanng.
I
lnfitingthe^petitionthe Applicant^{has prayedformodificationof}
I
theorder dated27tO912024^{passedby this Tribunal.Itis stated}
]
thattheDefendantEank^{decrdedtowrthdrawtheSARFAESI}
proceedingsinitiatedagainsttheborrower^{forsomeinherent}
errorrntheSARFAESI^{proceedingandifrequired,theEankwrll}
initiate fresh^{proceedingincompliancewithlegal requirementin}
theSARFAESIAct.^{Thecasewaslistedforhearingon}
27l1gl2\24andthe^{LdTribunal waspleasedtodismissthecase}
asbeing settled^{amicably.But therehas beennosettlement}
betweenthe^{parties andtheBank hasinitiatedSARFAESIaction}
againstthedeceased^{personandaccordinglyBank intends to}
withdrawtheSARFAEST^{measuresandnoapplicat'onfor}
settlementis also^filed.
Itappearsthatthis^{Trlbunalhaspassedthe orderdlsmissing the}
SARFAESIapplication^{as being settledamicablyltis submitted}
thatnosetttement^{is arrivedatandtheDefendant Bank intends}
toinitiate freshSARFAESI^{proceeding,ifrequired,inaccordance}
withlaw. Accordlngly^{the order dated27/09/2024is modifiedin}
the following^manner-
Henceordered-
SARFAESIapplicahon^{being S.A.No.863 of 2022isdrsmissedas}
qARFAESIactroniswithdrawnbytheDefendantBank^Defendant
I
I^{OankisatlibertytotakefreshSARFAESIproceedrngsin}
Laccordancewithlaw.
Ilvl
No-zg of 2o2ais disposed^of.
{^{Kamal De})^--
PresidingOfficer
DRT-3.Kolkata

Authorized Officer of Punjab and Sind Bank v. Sri Tapan Mriddha

Case brief

What is this about?

What did the court decide?

Authorized Officer of Punjab and Sind Bank v. Sri Tapan Mriddha

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

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