M/s Sai Poly Product v. Uco Bank
Case brief
What is this about?
CWJC No. 2311 of 2024; Patna High Court; Justice A. Abhishek Reddy; M/s Sai Poly Product; Alka Ghosh; UCO Bank Tilakamanjhi Branch Bhagalpur; G.G. Industries India; Kulvinder Singh; Parmender Singh; Debts Recovery Tribunal Patna; O.A. No. 120 of 2015; ex parte order dated 04.11.2015; Debts Recovery Appellate Tribunal Allahabad; alternative remedy; set aside ex parte order; limitation period; bank possession of property; writ disposed at admission stage with consent of counsel.
What did the court decide?
Writ petition disposed of at the stage of admission with the consent of both counsel, without entering into merits; petitioners given liberty to seek setting aside of the ex parte order dated 04.11.2015 in O.A. No. 120 of 2015 before the Debts Recovery Tribunal, Patna, or to appeal before the Debts Recovery Appellate Tribunal, Allahabad, within four weeks; DRT to decide per law after noticing all parties, preferably within 12 weeks, with limitation to be dealt with in light of the petitioners' late knowledge of the order.