Canara Bank Must Resolve SARFAESI Application Quickly

Authority: Hon'ble Judge Om Narayan Rai, High Court

Order Date: 11 August 2026

Case Overview

• Parties: Canara Bank (petitioner) vs. District Magistrate, Purulia & Ors.; State respondents represented by Mr. Arhat Biswas and Mr. Prisanka Ganguly.
• The petition seeks expeditious disposal of an application filed under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
• Application was filed in December 2025; hearing taken on 8 June 2026; reminder issued on 16 July 2026; still pending disposal.
• Counsel for petitioner: Mr. Farooque Ali and Mr. Faizan Md. Zafar.

Final Outcome

• The court orders the District Magistrate, Purulia to dispose of the petitioner's application within one month from the communication of this order.
• No costs awarded.
• An urgent certified copy of the order may be supplied to parties upon request, subject to requisite formalities.

Topics: Legal Order, Banking Regulation