The Tribunal directed the Respondent Bank to file a written objection within 30 days regarding pending physical possession of secured assets.
Direction to respondent bank to file written objection within 30 days.
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DEBTS RECOVERY TRIBUNAL LUCKNOW
| Date of order or proceeding |
Order withsignatureof court | Officeaction taken with date |
|---|---|---|
| S.A.No.1080/2025 11.11.2025 SL.No.12 }\TV– |
Shri Abhishek Khare Ld.Counselfor theapplicantispresent. None appearsforthe respondent-F.I. Ld. Counsel for theapplicantsubmits that urgency application has been served upon the respondent-F.I.Itis submittedthat, itis a fresh SA. It is further submitted thatthe respondent-F.I. has obtained order under Section 14 of the Act andcontemplatingto take physical possession of the secured assets. It is submitted that statutory compliances under SARFAESI ActRules have not been made by therespondent-F.I. It is submitted that a notice dated 20.09.2025 has been issued by therespondent-F.I.for taking physical possession of the secured assets any day on or after 06.10.2025. I find that it is a preintimation notice for handingover peaceful possession ofthe secured assets. Inviewof thefact,thatnonehas appearedforthe respondent-F.I. Writtenobjectionhas not been filedby the respondent banktilldate. 0.R.D.E.R. RespondentBank isdirectedtofile writtenobjectionwithin30 days under copytothe oppositecounsel. 1. |
|
| After filing written objection, the respondent bank will be at libertyto 11 |
| take physical secured assets |
possession of only aftergivini |
the g15 |
|
|---|---|---|---|
| days prior not | ice to theappli | cant | |
| Cont..... PageNo.2 S.A. No.1080/2025 |
before taking possessIon. Theapplicantwi urgencyapplicat after getting such IV. Inthemea bank shall not physical posse assets. Listthis case on proceeding. In case ofurge liberty to file urgency occasion arises. Order be uploa ’ website. 111. Mugjsh |
steps forphy llbeatlibertytom ionand press the notice. ntime,the respon proceed forta ssion of thesec 31.08.2026 forfu ncy,partieswillb application when ded on the Tribu’ (Dictated) n (Pravas Kurn',) PresidingOffi |
sical ove I.R dent king ured rther eat the nal’s Singh) cer |
1 provisions across 1 enactments
Debts Recovery Tribunal Lucknow
Applicant
Respondent-F.I.
Pravas Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
