Authority: High Court of Jharkhand at Ranchi
Order Date: 07 October 2026
Case Overview
- Petitioner: Chandra Bhushan Singh, son of Ramdhir Singh, resident of Village‑Birsha Path Road No. 3, Chhota Gamharia, East Singhbhum district.
- Respondents: 1. The Chief Manager (Secured Creditor) through Authorised Officer, United Commercial Bank (UCO Bank), Jamshedpur Main Branch at Jugsalai. 2. Zonal Manager, United Commercial Bank (UCO Bank) at Rajendra Jawan Bhawan‑cum‑Sainik Bazar, Ranchi.
- Nature of proceeding: Writ petition (W.P. (C) No. 7118 of 2026) filed under Article 226 of the Constitution seeking quashing of sale notice dated 06‑08‑2026 issued by the bank, which invited online e‑auction bidding for the sale of the petitioner’s properties.
- Key procedural history: The petition was first listed on 10‑09‑2026. The Court ordered the petitioner to deposit Rs 25,00,000 (Twenty‑Five Lakhs Only) before 05‑10‑2026 and stayed confirmation of the auction until a final decision, directing that bidders be informed of the stay.
- Undertaking default: The petitioner failed to deposit the stipulated amount of Rs 25 lakhs.
- Bank’s submission: Counsel for the bank (Mr. P.A.S. Pati) informed the Court that the auction sale pursuant to the 06‑08‑2026 notice had failed.
- Parallel proceeding: O.A. No. 139 of 2026 filed by the bank under the Recovery of Debts Bankruptcy Act, 1993, is pending before the Debts Recovery Tribunal, Ranchi, where the petitioner has also appeared.
Final Outcome
- The Court, noting the petitioner’s non‑compliance with the earlier undertaking and the failure of the auction, declined to exercise its extraordinary writ jurisdiction under Article 226 and dismissed the writ petition in its entirety.
Topics: Banking, Insolvency