Authority: High Court of Odisha at Cuttack
Order Date: 21 September 2026
Case Overview
- Petitioner: M/s. Perfect Solutions, Kataka, represented by Advocate T. Patnaik.
- Opposite Parties: The Authorized Officer/Manager, Canara Bank, Kataka and others, represented by Advocate Bibekananda Udgata; includes a borrower (Opposite Party No.2) who is a producer of polymer raw materials/products.
- Petition alleges that goods (polymer raw materials/products) stored in the borrower's premises were sealed and possessed by the bank without authorization.
- The court noted that the invoices are the petitioner's own documents and that a Section 13 notice had been issued against Opposite Party No.2 since December 2024.
- The court found insufficient material to resolve the factual dispute over ownership of the sealed stock.
Final Outcome
- The writ petition is disposed of; the court declined to entertain it.
- The petitioner may approach the Debt Recovery Tribunal under the SARFAESI Act for relief.
Topics: Banking, Legal Dispute