Shiva Shakti Traders Withdraws Writ Against Bank

Authority: High Court of Odisha at Cuttack

Order Date: 11 November 2026

Case Overview

• Petition filed by Shiva Shakti Traders (Khordha) against Bank of India (Bhubaneswar) seeking relief concerning a secured asset that had been auctioned two years earlier.
• Bank of India, through counsel Mr. A. Mishra, informed the Court that the purchaser at the auction had already taken possession of the secured property.
• Petitioner's counsel, Mr. M. Padhy, requested permission to withdraw the writ petition and instead approach the Debts Recovery Tribunal (DRT), Kataka Bench, as per applicable law.

Final Outcome

• The Court disposed of the writ petition as withdrawn, granting the petitioner liberty to file a petition before the DRT.
• The petitioner may approach the DRT within thirty (30) days from the date of this order, and the Court observed that any limitation issue may be considered liberally.

Topics: Debt Recovery, Banking Litigation