M/S Mayur Engineering and Another v. Authorized Officer, Central Bank of India
Case brief
What is this about?
CWP-25660-2025 (O&M); Punjab and Haryana High Court at Chandigarh; decided 01.09.2025; Coram: Sheel Nagu, Chief Justice (author, oral) and Sandeep Moudgil, Judge. Borrowers (M/s Mayur Engineering and another) versus Authorized Officer, Central Bank of India. Subject: recourse under Section 13(4) of SARFAESI Act, 2002; auction notice for liquidating secured assets; recovery of outstanding loan. Prior remedy: SA/612/2024, 'Manju Aggarwal vs. Central Bank of India', DRT-2 Chandigarh, filed 06.01.2024, dismissed for want of prosecution on 05.08.2025 (Annexure P-4); no recall application; DRAT not approached. Key holdings: writ jurisdiction under Article 226 of the Constitution of India cannot assist a sleeping and inactive litigant; petition dismissed with liberty to approach DRT or DRAT. Advocates: Akhilesh Vyas for petitioners; Saurav Goel (through VC) for respondent-Bank.
What did the court decide?
Liberty to the petitioners to approach the Debts Recovery Tribunal or DRAT.