HIGH COURT OF ORISSA
,
M/S. ANJALI MOTORS, PHULBANI – Appellant
Versus
PUNJAB NATIONAL BANK, SASTRA DIV.,NEW DELHI – Respondent
WP(C)/37165/2022
Fact of the Case:
The petitioner, a defaulting loanee, filed a Securitization Application before the DRT, Cuttack, assailing the Sale Notice dated 17.11.2021, which intimated the auction sale of the mortgaged property offered as collateral security.
Finding of the Court:
The court dismissed the writ petition, holding that the petitioner's prayer for details of the loan account and the decision on their proposal was not maintainable in view of the settled law and the availability of remedies before the DRT.
Issues: Maintainability of a writ petition seeking details of a loan account and the decision on a proposal when the petitioner has already appeared before the DRT.
Ratio Decidendi: The court held that the petitioner could seek the details of the loan account and the decision on their proposal by making a proper application before the DRT itself, and that the writ jurisdiction should not be invoked for such a purpose.
Final Decision: The writ petition was dismissed.
Page 1 of 2
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, issue Rule NISI in the nature of Writ of
Certiorari/Mandamus calling upon the Opp. Parties,
to show cause as to why the Opp. Party Bank shall
// 2 //
Page 2 of 2
not be directed not to proceed for taking over
possession of the mortgaged properties without
intimating the details of the auction sale, if any, and
the decision taken on the proposal of the petitioner
dated 17.06.2022 vide Annexure-9;
And in the event the Opp. Parties fail to show cause
or show insufficient cause, the said Rule be made
absolute, Opp. Parties Bank be directed to not to
proceed for taking over possession of the mortgaged
properties without intimating the details of the auction
sale, if any, and the decision taken on the proposal of
the petitioner dated 17.06.2022 vide Annexure-9.”
3.
Mr. A. K. Jena, learned counsel appearing for the
Punjab National Bank/Opposite Party states that the
prayer made in the present Writ Petition is not
maintainable in view of the settled law, moreso, when
the petitioner has already appeared before the DRT.
4.
After hearing learned counsel for both the
parties, we are not inclined to invoke our writ
jurisdiction and issue any direction to the DRT for
providing the details of the loan account, which
remedy is available to the petitioner by making a
proper application before the DRT itself.
5.
Accordingly, the present Writ Petitions stands
dismissed.
(Jaswant Singh)
Judge
(M.S. Sahoo)
Judge
Sipun 11th January, 2023
Cuttack
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