SANTOSH KUMAR MISHRA v. THE CHIEF EXECUTIVE OFFICER BANK OF INDIA
WPC/3603/2025 · 2025-07-17
Gautam Kumar Choudhary
Transfer Petitionbody2025
DailyLaw.ai
[ 2025 DAILYLAW 20331 (JHR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 20331 (JHR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
2025:JHHC:19566 1
IN THE HIGH COURT OF JHARKHAND AT RANCHI W. P. (C) No. 3603 of 2025 Santosh Kumar Mishra, S/o Late Sitaram Mishra, R/o of Sitaram Bhawan, Bhawanipur Tupudana, PO- Tupudana, PS- Hatia, District- Ranchi, Jharkhand. .... .. ... Petitioner(s) Versus
1. The Chief Executive Officer, Bank of India, Head Office, Bandra (East), Mumbai, PO & PS- Bandra, Maharashtra. 2. The Bank of India, Asset Recovery Branch, through Authorized Officer, Pradhan Tower (2nd Floor), Main Road, Ranchi, PO & PS- Doranda, District- Ranchi, Jharkhand. 3. The Chief Manager of Shyamli Branch, Ranchi, Bank of India, at Pradhan Palace, North Office Para, PO & PS- Doranda, District- Ranchi, Jharkhand. 4. The Authorized Officer of Shyamli Branch, Ranchi, Bank of India, at Pradhan Palace, North Office Para, PO & PS- Doranda, District- Ranchi, Jharkhand. .. ... ...Respondent(s) ........... CORAM :HON'BLE MR. JUSTICE GAUTAM KUMAR CHOUDHARY ......... For the Petitioner (s) : Mr. Mohan Kr. Dubey, Advocate
Mr. Utpal Kant, Advocate
For the Resp.-BOI : Dr. Gyanendra Kumar, Advocate …... 02/ 17.07.2025. Heard, learned counsel for the parties. 1. Petitioner is the borrower and the instant Writ Petition has been filed for quashing of the sale notice for the mortgaged property dated 17.06.2025 under Rule 8(6) of the Security Interest (Enforcement) Rule, 2002 to hold public e-auction which was scheduled to be held on 09.07.2025 and a further, prayer has been made to restrain the Respondents- Bank to proceed any further with the public e-auction. 2. It is submitted by learned counsel for the petitioner that he is willing and ready to settle the issue and ready to deposit the amount to the Respondent(s)- Bank within 90 days, therefore, prayer is made to restrain the Respondents- Bank to proceed any further in the matter. 3. Learned counsel for the Respondents- Bank while opposing the prayer has submitted that the process of e-auction has been completed and confirmation of sale has been made in favour of the purchaser on 09.07.2025. It is submitted that in view of the ratio laid down by the Apex Court in (2024) 2 SCC 1 [Celir LLP vs. Bafna Motors (Mumbai) (P) Ltd.] wherein, it has been held that the Writ Petition will not be maintainable after the confirmation of the sale by the Bank.
As per the amended provisions of 13(8) of the SARFAESI
2025:JHHC:19566 2
Act, right of the borrower to redeem the secured asset stands extinguished thereunder, on the very date of publication of the notice for public auction under Rule 9(1) of the 2002 Rules. 4. In view of the above proposition of law as enunciated by Hon’ble the Supreme Court, there is no scope of interference by this Court at this stage. The instant Writ Petition being devoid of any merit stands dismissed. Pending I.A., if any, stands disposed of. However, the petitioner will have liberty to move before the appropriate forum. (Gautam Kumar Choudhary, J.) Sandeep/