SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2021 Supreme(UK) 366

MANOJ KUMAR TIWARI
Brij Mohan Pandey – Appellant
Versus
District Magistrate, District Udham Singh Nagar – Respondent


Advocates Appeared:
Bharat Singh, Advocate, M.S. Bisht, Advocate, Dr. Kartikey Hari Gupta, Advocate

JUDGMENT

Manoj Kumar Tiwari, J. - Petitioner is a borrower against whom proceedings have been initiated by the lending Bank under SARFAESI Act, 2002. In this writ petition, petitioner has challenged the possession notice issued on 31.07.2021, under Section 14 of SARFAESI Act, 2002.

2. Learned counsel for the petitioner submits that due to non-availability of Presiding Officer in Debts Recovery Tribunal, Dehradun, remedy under Section 17 of SARFAESI Act, 2002 has become illusory. He further submits that in view of peculiar circumstances of the case, petitioner is entitled for protection till he obtains relief from the forum made available under Section 17 of the SARFAESI Act, 2002. Petitioner's counsel assures that petitioner shall file securitization application under Section 17 of the SARFAESI Act, 2002 before the appropriate forum, within two weeks.

3. Learned counsel for the respondent-Bank admits that Debts Recovery Tribunal at Dehradun is presently vacant and appointment of new Presiding Officer is possible within three weeks. He, however, submits that the secured assets have now been put up for public auction, which is scheduled to be held on 11.01.2022. He further apprised the

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top