BHARAT ENTERPRISES, BHADRAK v. BANK OF BARODA, BHADRAK
WP(C)/36918/2025 · 2025-12-23
S K Panigrahi
Writ Petition (Civil)body2025
DailyLaw.ai
[ 2025 DAILYLAW 70677 (ORI) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 70677 (ORI) · dailylaw.ai ]
Judgment text
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Page 1 of 2.
IN THE HIGH COURT OF ORISSA AT CUTTACK W.P.(C) No.36918 of 2025 Bharat Enterprises, Bhadrak & Anr. ..... Petitioner(s) Mr. Prasanta Kumar Satapathy,
Advocate -versus- Bank of Baroda & Ors. ..... Opposite Parties Mr. K. M. H. Niamati, Advocate for O.P No.1
CORAM:
THE HON'BLE DR. JUSTICE SANJEEB K. PANIGRAHI
Order No.
ORDER 23.12.2025
01.
1. This matter is taken up through hybrid arrangement.
2. The Petitioner, by filing this Writ Petition, has made a prayer to quash the auction sale notice dated 10.12.2025 under Annexure-2.
He further seeks a direction from this Court to the Opposite Parties to release the vehicles bearing Regd. No- OD-22-Z-3903, OD-22-Z-3983, OD-22-Z-0841, OD-22-Z- 0920 as per seizure list under Annexure-1 series in his favour.
3. At the outset, learned counsel for the Petitioners submits that the petitioners are ready and willing to pay the entire overdue amount i.e. around 98 lakh payable to the bank. He further submits that the Petitioners shall pay Digitally Signed Signed by: GITANJALI NAYAK Reason: Authentication Location: OHC Date: 24-Dec-2025 18:00:41 Signature Not Verified
Page 2 of 2. 50% of the said amount on or before 29.12.2025. Rest of the amount shall be paid by 15th January, 2026.
4.
Learned counsel for the Bank submits that he will impress upon the authority to hold the auction upon payment of 50% of the aforesaid amount on or before
29.12.2025.
5. It is made clear that if the petitioner fails to pay the same, the bank is free to proceed in accordance with law. In the meantime, the Petitioner to produce all the vehicles before the bank for inspection.
6. It is further directed that the bank shall release the vehicles as soon as the first instalment of the amount is paid.
7. The Writ Petition stands disposed of, accordingly.
(Dr. Sanjeeb K Panigrahi) Judge
Gitanjali