Authority: District Court, Sl-04 Ct. 07 (Samar) (Judge Om Narayan Rai)
Order Date: 08 September 2026
Case Overview
- Parties: Petitioner – UCO Bank; Respondents – State of West Bengal and others (including respondent no. 3).
- The writ petition (WPA 23177 of 2026) seeks expeditious disposal of an application filed in March 2026 under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
- Counsel for the State acknowledged a surge in Section 14 applications, causing delays, while counsel for the petitioner requested prompt resolution.
- The Additional Chief Judicial Magistrate at Barrackpore is the authority handling the underlying Section 14 application.
Final Outcome
- The court, after hearing both sides, directed the Additional Chief Judicial Magistrate, Barrackpore, to dispose of the petitioner’s Section 14 application as expeditiously as the court’s business permits.
- The writ petition (WPA 23177 of 2026) was disposed of with no costs awarded to either party.
- An order was issued that an urgent photostat certified copy of this order may be supplied to the parties, subject to compliance with all requisite formalities.
Topics: Legal Procedure, Banking Securitisation, Court Order