High CourtsDivision Bench(2022) 11 OHC CK 0039

M/s. Maa Kalika Traders vs Authorised Officer, SBI, Stressed Assets Recovery Branch, Bhubaneswar And Another

Orissa High Court · Decided on 4 November 2022

HON’BLE JUDGES
Jaswant Singh, J · M.S. Sahoo, J
RESULT
Dismissed
CASE NUMBER
Writ Petition (C) No. 16509 Of 2022

AI Structured Summary

Not yet generated for this judgment

Judgment

6 paragraphs · 153 words
1.

Petitioner is the auction purchaser of a mortgaged property sold by the SBI, Stressed Assets Recovery Branch, Bhubaneswar in the auction sale towards recovery of outstanding liabilities of M/s. Basudev Stones, a proprietorship concern of Janaki Ballav Pattnaik. The petitioner claims that upon deposit of the entire sale consideration, a sale certificate was issued in favour of the petitioner along with actual possession delivered.

2.

The limited prayer by the auction purchaser is for a direction to the secured creditor/Bank to remove the articles/items lying in the unit purchased by the Petitioner-auction purchaser, in terms of the letter issued by the Bank itself.

3.

At the time of hearing, learned counsel for the petitioner states that in view of a settlement, the petitioner wants to withdraw the present writ petition.

To that effect a memo has been filed.

4.

In view of the above, the Writ Petition is dismissed as withdrawn.

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