Allowed

Subinoy Pal and Anr. v. Punjab National Bank

DRT29 Jan 2025SA/823/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant's appeal. Relying on submissions that the respondent bank withdrew the Section 13(4) possession notice dated 08.08.2023, the Tribunal disposed of the Stay Application IA/84/2024 in favour of the applicant.

What did the court decide?

Directed the respondent bank not to initiate any further sarfaesi action on the basis of the possession notice issued on 08.08.2023.

Subinoy Pal and Anr. versus Punjab National Bank — Banking and Recovery | DRT (2025)

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

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Case No.SA/8	23/2023 SubinayPal&Anr. Puniab NationalBank
DateofOrder	Orderwithsignature	Officeaction withdateand dated Signatureof parties when necessary
OrderNo.14 Dt.29.01.2025 Sl.No.23	Present: ForApplicant: ForDefendant Ld. Counsel Md.1.4. Ld.CounselMr.S. RahamanPaik. PalChoudhury
	IA/84312024istakenupforhearing. Heard Ld.Counselsforbothsides. I considered.
SH J	I aOCounsetMr.S.^patChoudhury appearingfor 1^{tnedefendant bank submitsthatbankhaswithdrawn} i^{nossessionnotice underSection13(4)dated} 108.08.2023^{andbankwillnot take anysarfaesi} iaction^{on thebasisofthe13(4)noticedated} t08.08.2023.
	Ld.CounselappearingforSAapplicants submitsthathe has noobjectionif theSAisdisposed ofaccordinglyasthebankhaswithdrawnpossession noticeunder Section 13(4) dated 08.08.2023.
	Hence, Ordered
	Theinstant5A/823/2023isdisposedof accordingly,uponsubmissionofLd.Counselfor defendantbank.
	Defendantbank isdirectednottoinitiateany

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further sarfaesi action on the basis of the possession notice under Section 13(4) issued on 08.08.2023. Defendant bank, however, is at liberty initiate fresh sarfaesi action in accordance to^law. Pendlng LA.s, if any, are also^dlsposed accordinglY.

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( Kamal De ) Presiding officer DRT-3, Kolkata

Subinoy Pal and Anr. v. Punjab National Bank

Case brief

What is this about?

What did the court decide?

Subinoy Pal and Anr. 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

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Coram

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