Partly allowed

Tuli Enterprise and Ors. v. Union Bank of India

DRT18 Jul 2025SA/1065/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal quashed a purported possession notice dated 20.11.2024 and the subsequent order dated 22.05.2025 passed by the Debts Officer. The Tribunal allowed the respondent bank to initiate proceedings afresh.

What did the court decide?

Respondent bank restrained from coercive steps; impugned order quashed; main S.A. dismissed; liberty to initiate 13(4) notice afresh granted.

Tuli Enterprise and Ors. versus Union Bank of India — Banking and Recovery | DRT (2025)

¶1

DEBTS RECOVERY^{TRIBUNAL-3,KOLKATA} Order Sheet^{(Continuation)}

¶2

caseNo. S.A.	/1065/²⁰²⁴ TutiEntarpriaEE^{Ors.vs'UnionB} &Ors.	^ankofIndia
Dateof Order	Orderwithsignature	Office action withdateand dated Signature
OrderNo.15 Dt.r8.07.2025 Sl,No.13	PIeseol: SAapplicant:Ld^{counselMr.SamratMukherjee} Respondentbank:Ld^{counselMsAnindltaDas} 285a/2025istakenuP^forhearing, Heardtheld counselsforboth^sides. Consldered. Ldcounselforrespondent^{FI.submitsthat therespondentF I'} desirestowithdraw^{thepossesslonnotlcedated20.lL,2024} under Section13(4)of^{theAct and subsequent purported order} dated22.05.2025^{passedbytheLdDM,South24Parganas} under Section 14of the^{SARFAESIAct.andthatrespondentbank} willnotproceed onthebasisofSuch^{purportedpossessionnotlce} dated 20.11.2024andtheorderdated^{22.05.2025passedbythe} DM,South24Parganasand^{praysfor libertytoinitiateSARFAESI} adiondenovo, Uponsubmisslonofldcounselfor^{respondentbank,the} respondent bank is restralned fromtakingany^{coercivestepson} thebasisofthe^purportedorder dated^{22.05,2025passedbythe} LdDM, South24Parganasandthe^{purportedorderstands} quashed. Respondentbank isatlibertytoinitiateSarfaesi^proceeding afreshbyissuingfresh 13(4)notice inaccordance^tolaw. Interimorder ifanyinforce stands vacated. AstheSA wasfiledagainstthenotice under Section^13(4)of the Act,dated20,11.2024 themainSAstands dismissed.^Hence, Orde.ed Thattheinstant S.A.beingNo.SA,/1065/2024isdismissed. Respondentbank is directed notto^{proceedwith furtherSarfaesi} proceedlngonthebasisof thepossessionnoticeunderSection 13(4)dated2O,Lf.2024,subsequentorder dated22 05,2025 passedbytheDM, South24Parganas. Respondentbank, however,isatlibertytotakeout denovo 13(4)noticeⁱⁿ accordancetolaw.SAbeingSA/1065/2024^alongwithall pendingt.Asis drsposed of. (KAMALEEJ- PRESIDINGOFFICER DRT.III,KOLKATA

Tuli Enterprise and Ors. v. Union Bank of India

Case brief

What is this about?

What did the court decide?

Tuli Enterprise and Ors. v. Union Bank of India

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

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Case details

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