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IN THE HIGH COURT OF ORISSA AT CUTTACK

W.P.(C) No.37165 of 2022

M/s. Anjali Motors,

Kandhamal

…. Petitioner

Mr. Bhawani Sankar Panigrahi, Advocate

-versus-

Punjab National Bank,

SASTRA Division, Dwaraka,

New Delhi and Others

…. Opp. Parties

Mr. A. K. Jena,

Advocate for the Bank

CORAM:

JUSTICE JASWANT SINGH

JUSTICE M.S. SAHOO

Order No.

ORDER (Oral)

11.01.2023

(Hybrid Mode)

01.

1.

The petitioner is a defaulting loanee facing

recovery process under the SARFAESI Act, 2002 for

an outstanding liability of around Rs.40 Lakhs

together with future interest, charges and expenses.

The petitioner is stated to have filed a Securitization

Application bearing No.20/2021 assailing the Sale

Notice dated 17.11.2021 before the DRT, Cuttack

intimating the auction sale of the mortgaged property

(offered as a collateral security).

2.

The prayer in the present Writ Petition is

reproduced below:

“It is therefore, prayed that your Lordships may

graciously be pleased to admit the writ petition, call

for the records, is