M/S. Sparktech, Engineering and Construction Company, Bbsr v. Authorised Officer, Pegasus Assets Reconstruction Pvt. Ltd., Kolkata
Case brief
What is this about?
SARFAESI Act Section 13(4); possession/enforcement notice dated 22.01.2025 (Annexure-1); Pegasus Assets Reconstruction Pvt. Ltd.; Authorized Officer; writ petition withdrawn; liberty to approach Debt Recovery Tribunal, Cuttack; Sparktech Engineering and Construction Company; advocate Kshirod Kumar Sahoo; High Court of Orissa; W.P.(C) No. 2922 of 2025; disposed 10.03.2025.
What did the court decide?
Permission to withdraw the writ petition; liberty to file an appropriate application before the Debt Recovery Tribunal, Cuttack challenging the impugned notice, which may be considered in accordance with law. ¶23