Sri Utpal Kr Mondal and Anr. v. State Bank of India
Case brief
What is this about?
The Tribunal allowed the application and quashed two impugned orders by the Debt Management Officer, South 24 Parganas, regarding symbolic possession. The orders were quashed because they were undated and passed significantly beyond the statutory 30-day limit without recording the date of passing. The respondent bank was granted liberty to initiate proceedings de novo.
What did the court decide?
Impugned orders vide Memo No. 1160/SARFAESI dated 09.06.2022 and Memo No. 2512/SARFAESI dated 17.11.2023 are quashed; Respondent bank allowed liberty to proceed de novo under Section 14 of the SARFAES