31-07-2025 IN THE HIGH COURT AT CALCUTTA Item No.22 Subrata Constitutional Writ Jurisdiction Bhattacharyya Appellate Side AR(C)

WPA No.17125 of 2025 Shibabrata Lahiri -vs-

Indian Bank & Ors.

Mr. Haradhan Mondal …for the petitioner Ms. Samapti Roy …for the Indian Bank

1. Case of the petitioner is that he obtained certain loan from Indian Bank but failed to repay the same. The bank has taken steps for recovery of the loan amount under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

2. The bank has obtained an order from the District Magistrate under section 14 of the Act and tomorrow (01-08-2025) is the date fixed for taking over physical possession of the secured asset. The petitioner approached the Debts Recovery Tribunal for relief, but failed to obtain any order of stay.

3. Today, the submission made on behalf of the petitioner is that the secured asset comprises residential cum office room. According to him, if one of the office room is sold by the bank, then the entire dues of the bank may be liquidated.

4. Learned counsel for the bank submits that the loan amount has been declared as NPA on February 27, 2020.