M/S Gyan Kalp Charitable Trust, Bbsr v. Chief Manager and Authorized Officer , Bank of Baroda, Bbsr
Case brief
What is this about?
Orissa High Court, W.P.(C) No. 5329 of 2025, decided 20.02.2025, coram K.R. Mohapatra and S.K. Mishra, JJ. Petitioner M/s Gyan Kalp Charitable Trust challenged e-auction notice dated 28.01.2025 (Annexure-7) issued under Rule 6(2) r/w Rule 8(6), Security Interest (Enforcement) Rules, 2002, in Bank of Baroda SARFAESI enforcement; auction fixed 21.02.2025. Petition disposed of with liberty to approach DRT, Cuttack under Section 17 SARFAESI Act within seven days; e-auction allowed to proceed but publication of final result stayed for ten days. Keywords: SARFAESI, alternate remedy, DRT Cuttack, e-auction sale notice, interim protection, Section 17, Rule 8(6).
What did the court decide?
Liberty granted to the Petitioner to move the DRT, Cuttack within seven days; e-auction under the Annexure-7 notice permitted to proceed, but publication of its final result deferred for ten days.