Konark Aquatices An v. Asset Reconstructio

IN THE HIGH COURT OF ORISSA AT CUTTACK

W.P.(C) No. 1773 of 2013 M/s. Konark Aquatics and Exports (P) Ltd., Bhubaneswar and another ....

Petitioners None -versusAsset Reconstruction Company (India) Ltd., Mumbai and others ....

Opp. Parties Mr. Subrat Sarangi, Advocate for O.P. No.1.

Mr. Manoj Kumar Mishra, Advocate for O.P.Nos.2 & 3.

CORAM:

JUSTICE JASWANT SINGH JUSTICE M. S. RAMAN ORDER (Oral) 11.03.2022 06.

1. This matter is taken up through virtual/physical Order No.

mode.

2. The petitioner is a defaulting borrower has challenged the Order passed by the Collector, Khurda on an application moved by the Secured Creditor under Section 14(2) of the SARFAESI Act, 2002 directing providing of official assistance for taking over the physical possession of the Secured Asset i.e. the mortgaged property.

3. At the time of hearing, learned counsel for the Opposite Parties states that the present writ petition

// 2 // has become infructuous, in view of the loan account having been closed during the pendency of the writ petition.

4. In view of above, the writ petition is dismissed as infructuous.

(Jaswant Singh) Judge (M. S. Raman) Judge March 11th, 2022 Cuttack Basudev