Ranjit Kumar Bisi v. Indian Bank, Zonal Office, Sambalpur
Case brief
What is this about?
Orissa High Court, W.P.(C) No. 780 OF 2024, Ranjit Kumar Bisi v. Indian Bank Zonal Office Sambalpur and others; SARFAESI e-auction sale notice (Annexure-2) challenged; plea that Section 13(4) sale notice not served before auction; property valued over Rs.2 crore sold for Rs.85.50 lakh to sole bidder Opposite Party No.4 (Yogesh Sharma); sale certificate issued; bank cited dues of Rs.40,07,536/- as on 1 Dec 2023; notice on OP-4 by special messenger refused, treated sufficient; writ petition disposed of as withdrawn on 13.02.2025 with liberty to seek redressal under Section 17(1) SARFAESI Act, 2002 before DRT Cuttack; Bench: K.R. Mohapatra and S.K. Mishra, Judges; no merits adjudication; no precedents engaged.
What did the court decide?
Writ petition withdrawn with liberty/observation that the Petitioner may avail the remedy under Section 17(1) of the SARFAESI Act, 2002 before the Debts Recovery Tribunal, Cuttack.