Disposes of interest applications filed to set aside an order under Section 14 of the SARFAESI Act, noting the applicant's willingness to clear dues as a ground for disposing of the Sakar and subsequently refusing to proceed with the Section 14 order.
Both interest application No.1548/2026 and the advancement application No.1547/2026 were disposed of.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
DEBTS RECOVERYTRIBUNAL.3, KOLKATA Order Sheet(Continuation)
case No, S.A./954/2o25
r'fEltfot t-ips A lnr.vs. Federal Bank ltd. & Anr'
| Dateof Order |
Orderwithsignature | officeaction withdateand dated Signature ofpa.tieswhen |
|---|---|---|
| OrderNo.12 Dt.13.07.2026 Sl.No.07 |
-ForSAapplicant :LdcounselMrArijitBardhanandA Roy and GourabMondal -For respondent bank :LdcounselMs.AParajitaRao I.A.L54A/2026has beenplacedwithput up petitionbeing I.A. 1547/2026. Slncethecase recordisplaced,l.A.1547/2026is disposedof. l.A.$4a/2026hasbeenfiled for settingasldethe orderdated 11.05.2025passedbytheLdACJM,Aliporeln MiscCaseNo.39 of2025 under Section 14 oftheSARFAESIAct. LdcounselforSAapplicant,Mr.ArijitBardhansubmits that initiaily theSAapplicants were readytopayasumofRs.12.00 lakhsoutoftotaloutstanding ofRs.16.00lakhsbutthatproposal was rejectedandnowtheSA applicantsarereadytopaythe entireamountdueandpayableintheloanaccount No.12847600001150towardsfullandfinal settlementas on date bydayafter tomorrow. Ldcounselforrespondent bank submitsthatthereare three loan accounts andthlsorderhasbeenpassedwithregardtoloan account No. 12847600001150. ShefurthersubmitsthatiftheSA applicants paytheentire duesinrespectofloan account No. 12847600001150,thenand in thatcase,thepossessionofthesecuredassetsshallremain withtheSAapplicantbut themortgage createdby theSA applicantwiththerespondentbankshallremalnwiththe respondent bankforenforcing theother twoloanaccounts. Itrevealsfromg-pointsaffjdavit submitted bytheauthorized officerof therespondent bank beforetheACJM,Aliprorethata sumofRs,16,53,295,77p isdueandpayablebytheSAapplicant ason31.09.2025. WiththisobservatlonthisI.A,1548/2025 is thusdisposedof. Consequently,therelsnoneedtoproceedwith theS.A.any further.Hence, S.A.958/2025standsdisposed of. File rsconsignedtotheRecordRoomaJtetobservingall formalitres. -z aruiffiaaa-trii- Pr.siding Oftic€r DRT-2,Kolkat. AdditionalcharqeofDRT |
2 issues framed by the court
Whether the interest application for setting aside an order passed under Section 14 of the SARFAESI Act should be dismissed in view of the applicant's willingness to pay the outstanding dues.
Whether possession of secured assets should be retained by the applicant upon full payment of the said dues.
1 provisions across 1 enactments
r'fEltfot t-ips
Federal Bank Ltd.
Presiding Officer
Additional Chief
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
