Citation : 2022 Latest Caselaw 3231 Ori
Judgement Date : 12 July, 2022
IN THE HIGH COURT OF ORISSA AT CUTTACK
W.P. (C) No. 1398 of 2020
Inder Lal Sharma .... Petitioner
None
-versus-
District Magistrate & Collector, .... Opposite Parties
Sambalpur & Another
None
CORAM:
JUSTICE JASWANT SINGH
JUSTICE M.S. RAMAN
ORDER (Oral)
12.07.2022 Order No.
02. 1. This matter is taken up by virtual/physical mode.
2. None has put in an appearance on behalf of the parties.
2. Petitioner is a defaulting borrower of a loan availed from the State Bank of India, Sambalpur Branch, Sambalpur and on account of default in payment of instalments, the account was declared as NPA and a demand notice was issued on 21st August, 2018 under Section 13(2) of the SARFAESI Act, 2002. The recovery process under SARFAESI Act, 2002 was initiated.
3. The challenge in the instant petition has been laid to the order dated 3rd January, 2020 passed by the District Magistrate & Collector, Sambalpur, whereby the caveat petition filed by the Petitioner in the application under Section 14 of the SARFAESI Act, 2002 instituted by the secured creditor/Bank, has been dismissed on the ground that the proceedings being simpliciter executory in nature. Noteworthy here that in the case of MAA KALIKA BHANDAR vrs. COLLECTOR & DISTRICT // 2 //
MAGISTRATE, W.P.(C) No. 26500 of 2021 vide judgment dated 29th June, 2022 after analysing the provisions of the SARFAESI Act and relevant case laws on the subject, this Court came to hold that proper remedy for challenging the orders passed by the District Magistrate, Sambalpur in the application under Section 14 of the SARFAESI Act, 2002 (in short, 'the Act, 2002') is available before the DRT under Section 17 of the said Act.
5. In view of the settled principles of law for a borrower to challenge the order passed by the District Magistrate & Collector, Sambalpur under Section 14 of the SARFAESI Act, 2002, this Court is not inclined to entertain the present petition.
6. Accordingly, the writ petition is dismissed.
Issue urgent certified copy as per rules.
(Jaswant Singh) Judge
(M.S. Raman) Judge
Laxmikant July 12th, 2022 Cuttack
Publish Your Article
Campus Ambassador
Media Partner
Campus Buzz
LatestLaws.com presents: Lexidem Offline Internship Program, 2026
LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!