IN THE HIGH COURT OF ORISSA AT CUTTACK

W.P.(C) No.41195 of 2021

M/s. Sapana Motors

represented through its

proprietress Smt. Sushmita

Patel.

….

Petitioner

Mr. Asit Kumar Chaudhury,

Advocate

-versus-

Authorized Officer-cum-Chief

Manager, SBI & another

….

Opp. Parties

Mr. Subrat Mishra, Advocate for Bank

CORAM:

JUSTICE JASWANT SINGH

JUSTICE M.S.SAHOO

Order No.

ORDER (Oral)

03.01.2022

01.

1. This matter is taken up through hybrid mode.

2. The petitioner is a proprietorship concern, which

had availed a cash credit facility for a sum of

Rs.20,00,000/- as on 15^th of March,2019 from the

State Bank of India, Sambalpur Branch. To secure the

loan, the title deeds of property owned by the

guarantor, i.e., the husband of the proprietor were

deposited with the Bank. Due to financial indiscipline,

the loan account was declared NPA on 28^th July,2021.

A Demand Notice under Section 13(2) of the SARFAESI

Act,2002 (in short, “the Act,2002”) was issued on

11.10.2021 seeking to recall a sum of Rs.21,67,473.00

as on 6^th October,2021. Subsequently, symbolic

p