Narayan Kumar Khaitan v. State Bank of India, Sambalpur
Case brief
What is this about?
High Court of Orissa (Cuttack), W.P.(C) No.2903 of 2024, order dated 06.05.2024, Dr. Justice S.K. Panigrahi. Petitioner Narayan Kumar Khaitan, loanee of State Bank of India, Sambalpur (adv. Biswajit Nayak), sought writ direction to deposit balance OTS amount (OTS settled 18.12.2021/Annexure-5). Bank counsel (C.B. Mohapatra; M.K. Mohapatra-1) invoked Supreme Court ruling in PHR Invent Educational Society v. UCO Bank and Ors. (Civil Appeal No. __ of 2024 ex SLP (C) No.8867/2022) quoting Satyawati Tondon caution on High Courts exercising Article 226 jurisdiction despite availability of statutory remedies under the DRT Act and SARFAESI Act; dispute pending before DRT, Cuttack. Court directed petitioner to approach DRT, Cuttack; writ petition disposed of. Keywords: OTS, One-Time Settlement, alternative remedy, Debt Recovery Tribunal, SARFAESI, Article 226, writ disposal.
What did the court decide?
Direction to the petitioner to approach the DRT, Cuttack for redressal of his grievance; the writ petition was disposed of accordingly.