Authority: Additional Chief Judicial Magistrate, Barrackpore (Judge Om Narayan Rai)
Order Date: 08 September 2026
Case Overview
- Petitioners: UCO Bank (represented by Mr. Sourav Sengupta) against the State of West Bengal & Ors., including Mr. Arijit Ghosh and Mr. Rahul Modak.
- The writ petition (WPA 23219 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.
- The State’s counsel highlighted that the Additional Chief Judicial Magistrate is attending to Section 14 applications, but a surge in filings has caused additional processing time.
- The court considered the affidavit of service and arguments from both sides before issuing its directive.
Final Outcome
- The court ordered the learned Additional Chief Judicial Magistrate at Barrackpore to dispose of UCO Bank’s Section 14 application as expeditiously as the court’s business permits.
- The writ petition WPA 23219 of 2026 is hereby disposed of with no costs awarded to either party.
- An urgent photostat certified copy of this order may be supplied to the parties, subject to compliance with all requisite formalities.
Topics: Securitization, Banking Regulation