Authority: High Court of Odisha at Cuttack
Order Date: 14 October 2026
Case Overview
- Petitioners: M/s. Grand Diesels, Cuttack and others, represented by Senior Advocate S.K. Padhi and Advocate G.B. Dash.
- Opposite Parties: Union of India and others.
- The petition sought a direction for time‑bound disposal of specific SAs pending before the Debt Recovery Tribunal (DRT), Kataka Bench.
- The SAs concerned are No. 157 of 2023, No. 181 of 2025, and No. 58 of 2026, all relating to the same secured asset.
- The court noted the limited prayer of the petitioners and proceeded to dispose of the writ petition.
Final Outcome
- The writ petition is disposed of with a direction to the DRT, Kataka Bench (Opposite Party No.2) to dispose of the three SAs within 60 days from the date of receipt of a certified copy of this order along with a copy of the writ petition.
- Until the DRT disposes of the SAs, the status quo on possession of the secured asset (as per the schedule mentioned in paragraph‑6 of the writ petition) shall be maintained by both parties.
- An urgent certified copy of this order shall be issued on proper application.
Topics: Court Order, Debt Recovery Tribunal, Secured Asset