Dismissed

Bengal United Engineer Projects Ltd. v. Punjab National Bank

DRT9 Sept 2025SA/145/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal dismissed a stay application and quashed the bank's Section 13(2) notice and Rule 8(6) sale notice along with all consequential proceedings. The Bank was directed to refund the auction deposit and restrained from coercive steps, though it retained liberty to initiate fresh proceedings.

What did the court decide?

The sectional 13(2) notice and consequent sale notice were quashed. Respondent bank ordered to refund Rs. 12,86,250/- to the auction purchaser and restrained from coercive steps.

Eiret'to.s.l./	eenSltUniiea^{Eng'neet Ptoiects Ltd} ^Ban!- ^r+s/zozs	^'vs'
	PuniabNational	--.
	Orderwith^signature	Officeaction withdateand dated Si9nature
Order^No.08 ot.09.09.2025 51.No.18 l	eEse.nI: SAaPPlicant -Ldcounsell4s^{ChitraBhanuGuptawithlayllanna} Respondent^bank -Ldcounsel SamaPti^RoY AuctionPurchaser -Ldcounsel^{D, ChakrabortywithS Chakraborty} 3696/2025^{istakenuPforhearing'} Heardthe^{ldcounselsforrespective sides'} Considered. Respondent^bank proceedingafresh^bY law. Ldcounsel^{for auctionpurchaser praysforrefund} Rs.12,86,250/-^{beingthe25oloof theauctionprice} the auction^{purchaser,tothe auctionpurchaser'} Ldcounsel^{forrespondentbank consentstosuchrefund'} AstheSA^{wasfiled agalnstthenotice under Section13(2)o} theAct,dated^{30.09.2024 themainSAstandsdismissedHence'} Ordered Thattheinstant^{SA'beingNoSA/145/2025isdismissed} Regpondent^{banklsdirected nottoproceedwith furtherSarfaes} proceedingonthe^{basisofthedemand noticeunderSectlon} Ldcounsel^{forrespondent bank submitsthat therespondent} bank desires^{towithdrawthedemand noticedated30092024} under^{Section13(2)oftheAct andsubsequentallother} consequential^{action/measurestakenunderSARFAESIAct} includingsale^{noticeunderRule8(6)oftheSARFAESIRules} dated 08.01,2025^{andthatrespondent bankwillnotproceedon} thebasis^{ofsuch salenoticedated08012025andprays for} libertyto^{initiateSARFAESIactiondenovo'} Uponsubmission^{ofldcounselforrespondentbank'the} lespondent^{bank isrestrainedfromtaking anycoercivestepson} thebasisof^{thepurported sale noticeunderRule8(6)dated} 08.01.2025^{andthepurportednoticestandsquashed'} Respondent^{bankisalsorestrainedtoproceedwithSARFAESI} proceedingon^{thebasisofpurported13(2)noticedated} 30.09.2024. ishowever^{atlibertytoinitiateSarfaesi} issuingfresh^{13(2)notlceinaccordanceto} ofamount^of deposited^bY	^f ^' ⁱ

Eiret'to.s.l./

eenSltUniiea^{Eng'neet Ptoiects Ltd}
^Ban!-
^r+s/zozs

^'vs'

PuniabNational

--.

Orderwith^signature

Officeaction
withdateand
dated Si9nature

Order^No.08
ot.09.09.2025
51.No.18
l

eEse.nI:
SAaPPlicant
-Ldcounsell4s^{ChitraBhanuGuptawithlayllanna}
Respondent^bank
-Ldcounsel SamaPti^RoY
AuctionPurchaser
-Ldcounsel^{D, ChakrabortywithS Chakraborty}
3696/2025^{istakenuPforhearing'}
Heardthe^{ldcounselsforrespective sides'}
Considered.
Respondent^bank
proceedingafresh^bY
law.
Ldcounsel^{for auctionpurchaser praysforrefund}
Rs.12,86,250/-^{beingthe25oloof theauctionprice}
the auction^{purchaser,tothe auctionpurchaser'}
Ldcounsel^{forrespondentbank consentstosuchrefund'}
AstheSA^{wasfiled agalnstthenotice under Section13(2)o}
theAct,dated^{30.09.2024 themainSAstandsdismissedHence'}
Ordered
Thattheinstant^{SA'beingNoSA/145/2025isdismissed}
Regpondent^{banklsdirected nottoproceedwith furtherSarfaes}
proceedingonthe^{basisofthedemand noticeunderSectlon}
Ldcounsel^{forrespondent bank submitsthat therespondent}
bank desires^{towithdrawthedemand noticedated30092024}
under^{Section13(2)oftheAct andsubsequentallother}
consequential^{action/measurestakenunderSARFAESIAct}
includingsale^{noticeunderRule8(6)oftheSARFAESIRules}
dated 08.01,2025^{andthatrespondent bankwillnotproceedon}
thebasis^{ofsuch salenoticedated08012025andprays for}
libertyto^{initiateSARFAESIactiondenovo'}
Uponsubmission^{ofldcounselforrespondentbank'the}
lespondent^{bank isrestrainedfromtaking anycoercivestepson}
thebasisof^{thepurported sale noticeunderRule8(6)dated}
08.01.2025^{andthepurportednoticestandsquashed'}
Respondent^{bankisalsorestrainedtoproceedwithSARFAESI}
proceedingon^{thebasisofpurported13(2)noticedated}
30.09.2024.
ishowever^{atlibertytoinitiateSarfaesi}
issuingfresh^{13(2)notlceinaccordanceto}
ofamount^of
deposited^bY

^f
^'
ⁱ

2)dated 30,09,2024,	andsubsequentsale notice underRule
8(6)dated 04,01.2025.R	espondentbank, however, isatliberty
to take outde novo13(2)	noticein accordancetolaw.
Respondentbankls	directedtorefundtheamountof
Rs.12,86,250/- beingthe	25qooftheauctionpricedeposated by
the auctionpurchaser?to	the auctionpurchaser.
SA being5A/145/2025	alongwith allpendingI.Asisdisposed
of.	^:a
	_ (KAMALDE) PRESIDINGOFFICER DRT-III,KOLKATA

2)dated 30,09,2024,

andsubsequentsale notice underRule

8(6)dated 04,01.2025.R

espondentbank, however, isatliberty

to take outde novo13(2)

noticein accordancetolaw.

Respondentbankls

directedtorefundtheamountof

Rs.12,86,250/- beingthe

25qooftheauctionpricedeposated by

the auctionpurchaser?to

the auctionpurchaser.

SA being5A/145/2025

alongwith allpendingI.Asisdisposed

of.

^:a

_
(KAMALDE)
PRESIDINGOFFICER
DRT-III,KOLKATA

Bengal United Engineer Projects Ltd. v. Punjab National Bank

Case brief

What is this about?

What did the court decide?

Bengal United Engineer Projects Ltd. v. Punjab National Bank

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

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