UCO Bank Petition Withdrawn, 30-Day Status Quo

Authority: High Court of Odisha at Cuttack

Order Date: 12 November 2026

Case Overview

• Petitioners: Niroj Kumar Champati and another (referred to as "Petitioners").
• Opposite parties: U.C.O. Bank Asset Management Branch, Zonal Office, Bhubaneswar and others (referred to as "Bank").
• Writ Petition: W.P.(C) No.37703 of 2026, CNR No.010885292026 filed in the High Court of Odisha.
• Counsel: Mr. P.K. Satapathy represented the Petitioners; Mr. A. Routray represented the Bank.
• During hearing, counsel for the Petitioners sought permission to withdraw the writ petition to pursue relief before the Debt Recovery Tribunal (DRT), Cuttack Bench.
• The Court, comprising Hon'ble Mr. Justice B. P. Routray and Hon'ble Miss Justice Savitri Ratho, considered the application.

Final Outcome

• The writ petition is disposed of as withdrawn, allowing the Petitioners to approach the DRT, Cuttack Bench, in accordance with law.
• The Court ordered that the status quo regarding the Petitioners' possession of the secured asset be maintained for thirty (30) days from the date of this order.
• An urgent certified copy of this order may be obtained on proper application.

Topics: Court Order, Debt Recovery Tribunal