Mangulu Das v. Reserve Bank of India
Case brief
What is this about?
Orissa High Court, Cuttack; W.P.(C) No.21154 of 2025; Mangulu Das v. Reserve Bank of India & others; decided 07.08.2025; Bench: S.K. Sahoo and S.S. Mishra; SARFAESI Act 2002 section 14 proceeding initiated by Bank letter dated 07.07.2025; release of secured assets sought; alternative remedy doctrine; liberty to approach Debts Recovery Tribunal, Cuttack; referral to Special Mediation Drive - Mediation for the Nation; merits not opined upon; writ petition disposed of.
What did the court decide?
Liberty granted to the petitioner to approach the Debts Recovery Tribunal, Cuttack for appropriate relief, with a direction that the DRT refer the matter to the Special Mediation Drive-Mediation for the Nation for exploring settlement before entering into the merits; urgent certified copy to be issued as per Rules. ¶21-22