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2025 DAILYLAW 18446 (ORI)

BHAKTA CHARAN PARIDA v. RESERVE BANK OF INDIA, BBSR

WP(C)/5677/2025 · 2025-03-26

K R Mohapatra, Sanjay Kumar Mishra

Writ Petition (Civil)body2025

Judgment text

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IN THE HIGH COURT OF ORISSA AT CUTTACK W.P.(C). NO.5677 OF 2025 Bhakta Charan Parida …. Petitioner Mr. Prasanta Kumar Satapathy, Advocate -versus- Reserve Bank of India, Bhubaneswar and others …. Opp. Parties CORAM: JUSTICE K.R. MOHAPATRA JUSTICE SANJAY KUMAR MISHRA ORDER Order No. 26.03.2025 01. 1. This matter is taken up through hybrid mode. 2. This writ petition has been filed assailing the order dated 4th December, 2024 (Annexure-4) passed by the Collector and District Magistrate, Cuttack in Bank Misc. Case No.39 of 2024 filed under Section 14(1) of the Securitization And Reconstruction of Financial Assests And Enforcement of Security Interest Act (SARFAESI Act), 2002 and consequential notice dated 31st January, 2025 (Annexure-2) for vacation of the secured asset. 3. Mr. Satapathy, learned counsel for the Petitioner, by filing a memo, submits that in the meantime, possession of the secured asset has been taken over. Hence, he prays for withdrawal of this writ petition to avail the statutory remedy. The memo filed, is taken on record. 4. In view of the submission made by Mr. Satapathy, learned counsel for the Petitioner, this writ petition is disposed of as withdrawn. (K.R. Mohapatra) Judge (S.K.Mishra) Rojalin Judge Designation: JUNIOR STENOGRAPHER