Authority: High Court of Odisha, Cuttack

Order Date: 30 September 2026

Case Overview

  • Petitioner: Biduna Swain, represented by counsel Mr. G. Rout.
  • Opposite Parties: ICICI Bank, Bhubaneswar and others, represented by counsel Mr. R.C. Panigrahi.
  • Writ Petition (W.P.(C) No.31827 of 2026, CNR No. ODHC010761002026) filed in the High Court of Odisha seeking relief concerning a secured asset.
  • During hearing, petitioner sought permission to withdraw the writ petition and to approach the Debt Recovery Tribunal (DRT) in an appropriate proceeding.

Final Outcome

  • The Court disposed of the writ petition, granting the petitioner liberty to withdraw it and to approach the DRT.
  • The Court directed that no third‑party interest shall be created on the secured asset for a period of 30 days from the date of the order or until the interim prayer before the DRT is considered, whichever occurs earlier.

Topics: Debt Recovery, Banking Litigation