Supreme Engineering And ORS v. Punjab National Bank And ANR

21.07.2025 AGM In The High Court At Calcutta Constitutional Writ Jurisdiction Appellate Side W.P.A 13186 of 2025 Supreme Engineering & Ors.

-versus Punjab National Bank & Anr.

Mr. Purnasish Gupta, Mr. J.K. Mukhopadhyay.

...For the Petitioners.

Mr. S.Pal Choudhury.

...For the Respondents.

1.

Learned advocate representing the Bank submits, upon instruction that, the secured asset has been put up on auction and has been sold off to the highest bidder.

2.

A securitization application is pending consideration before the Debts Recovery Tribunal where a direction has been passed upon the Bank to disclose the details of the highest bidder.

3.

Apropos the above submission, the prayer of the petitioners seeking direction upon the Bank to accept money from them to pay off the loan amount cannot be accepted.

4.

The writ petition fails and is hereby dismissed.

5.

It will be open for the petitioners to approach the Tribunal in accordance with law, if so advised. 6.

Urgent certified photocopy of this order, if applied for, be supplied to the parties expeditiously on compliance of usual legal formalities.

( Amrita Sinha, J.)