Hindustan Petroleum Corporation Ltd., Bbsr v. Uco Bank, Asset Management Branch, Bbsr
Case brief
What is this about?
Orissa High Court, Cuttack - W.P.(C) No.18338 of 2025, order dated 16.07.2025, Justices S.K. Sahoo and S.S. Mishra. Hindustan Petroleum Corporation Ltd. v. UCO Bank (Asset Management Branch, Bhubaneswar) and others. Subject: leasehold rights of petrol retail outlet lessee vis-a-vis bank recovery proceedings; warrant of attachment dated 09.05.2025 by Recovery Officer (Annexure-5) under Rule 48, Second Schedule, Income Tax Act, 1961 read with Recovery of Debts and Bankruptcy Act, 1993; prayers invoking Rule 8(7), Security Interest (Enforcement) Rules, 2002, binding effect of Lease Deeds dated 06.09.1993 and 03.10.2002 on mortgagee Bank (mortgage dated 12/01/2005); intervention application rejected 23.06.2023 (Annexure-6); alternative remedy under Section 30 RDB Act, 1993 (Section 30-A deposit noted as possibly inapplicable to non-borrower/guarantor); writ petition disposed with liberty to file appeal before DRT/Tribunal; no opinion expressed on merits.