Central Bank Of India v. The Union Of India And ORS

IN THE HIGH COURT OF JUDICATURE AT PATNA

Civil Writ Jurisdiction Case No.1054 of 2018 ====================================================== Central Bank Of India ... ... Petitioner/s

Versus

The Union Of India and Ors ... ... Respondent/s ====================================================== Appearance :

For the Petitioner/s :

Mr.D.K. Sinha Mr. Ajay Kumar Sinha For the Respondent/s :

Mrs.Kanak Verma, CGC ====================================================== CORAM: HONOURABLE MR. JUSTICE MADHURESH PRASAD ORAL ORDER 07-08-2019 Heard learned counsel for the petitioner and learned counsel for the respondents-Union of India.

Learned Senior counsel for the petitioner submits that in the recovery proceedings arising out of Ex.(OA) 23/1999 and PT 4/1999 Debts Recovery Tribunal has auctioned the assets. However, proceed thereof is not being released in favour of the petitioner bank. It is submitted that matter is being prolonged unnecessarily and delay is detrimental to the Bank. Learned senior counsel submits that he would be approaching the authority under the Recovery of Debts due to Bank and Financial Institution Act so as to expedite the process keeping in view the fact that the interest involved is of public money.

In view of such submission, no further directions are

Patna High Court CWJC No.1054 of 2018(9) dt.07-08-2019 2/2 required to be issued in the instant proceedings. This court would however, observe that in the public interest, authority under the Act would proceed expeditiously and in accordance with law having regard to special nature of the Act. Writ petition is disposed of.

(Madhuresh Prasad, J) s.hassan/- U