Authority: High Court of Orissa at Cuttack
Order Date: 12 November 2026
Case Overview
- Petitioners: M/s. Sri Sai Traders Wholesaler and Commission Agent, Ganjam & Ors., represented by Mr. S. Sharma, Advocate.
- Opposite Parties: The Authorized Officer, Assessment Branch, UCO Bank & Ors., represented by Mr. A. Routray, Advocate.
- The petition arose from the pendency of an application (S.A. No. 24 of 2026) before the Debt Recovery Tribunal (DRT), Kataka Bench, where the petitioners sought interim relief concerning a mortgage property.
- Petitioners alleged that, despite the pending DRT proceedings, UCO Bank repeatedly proceeded with e‑auctions of the mortgage property, and that the DRT had not taken up the S.A. or the interim relief prayed for.
- The Court heard arguments from both counsel and noted the repeated e‑auction attempts by the bank while the DRT matter remained unresolved.
Final Outcome
- The writ petition was disposed of, permitting the petitioners to continue pursuing their case before the Kataka DRT, including the prayer for interim relief.
- The Court directed the DRT to consider the petitioners' interim relief prayer within thirty (30) days from the date it receives a certified copy of this order.
- A status‑quo regarding possession of the mortgage property was ordered to be maintained by both parties for a period of thirty (30) days from the date of this order or until the DRT considers the interim relief, whichever occurs earlier.
Topics: Banking, Court Proceedings, Debt Recovery