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2026 DAILYLAW 285 (MAN)

Yendrembam Ronaldo Singh v. North Eastern Development Finance Corporation Limited and another

WP(C)/282/2026 · 2026-05-03

Ahanthem Bimol Singh

body2026

Judgment text

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WP (C) No. 282 of 2026 Page 1 Item Nos. 8 IN THE HIGH COURT OF MANIPUR AT IMPHAL WP (C) No. 282 of 2026 Shri Yendrembam Ronaldo Singh aged about 25 years S/o Y, Kh. Gourabidhu Singh resident of Lamding Cherapur, Wangjing P.O. and P.S. Wangjing, Dist., Thoubal, Manipur, carrying on business in the firm name and style. "Prop. RY Enterprise, having its address at Lamding Cherapur, Wangjing P.O. and P.S. Wangjing, Dist, Thoubal, Manipur, Pin Code: 795148. …Petitioner/s Vrs. 1. North-Eastern Development Finance Corporation Limited "NEDFI House", G.S. Road, Dispur, Guwahati, Assam, Pin Code: 781006 and having its branch office at Babupara, Opp Telephone Bhawan, P.O. and P.S Imphal, Dist., Imphal West, Manipur-795001-Represented by its Branch Manager. 2. The Recovery Officer, Debts Recovery Tribunal (DRT), Suwarna Bhawan, House No. 12, New Town Path, G.S. Road, near Hanuman Mandir, GS Road Ulubari, Guwahati- Pin Code: 781007. …Respondent/s B E F O R E HON'BLE MR. JUSTICE AHANTHEM BIMOL SINGH For the Petitioner : MI Sharma, Advocate For the respondents : K Pradeep, Advocate Date of Hearing : 04.05.2026. Date of Order : 04.05.2026. ORDER (ORAL) 04.05.2026 [1] Mr. MI Sharma, learned counsel appeared on behalf of the petitioner and after hearing at length regarding maintainability of this writ petition, the counsel appearing for the KABORA MBAM SAPANA CHANU Digitally signed by KABORAMBAM SAPANA CHANU Date: 2026.05.04 16:11:34 +05'30' WP (C) No. 282 of 2026 Page 2 petitioner submitted that the petitioner be granted leave to withdraw this petition with liberty to file appropriate appeal against the impugned orders passed by the Debts Recovery Tribunal, Guwahati as provided under Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2022 (SARFAESI for short) or any other relevant provisions of law. [2] The learned counsel appearing for the petitioner however submitted that through bonafide inadvertence, the present writ petition has been filed by the petitioner instead of filing of an appeal as provided under Section 18 of the SARFAESI Act or any other relevant provisions and as such, an appropriate observation may be made by this Court that in the event, the present writ petitioner files an appeal under Section 18 of the SARFAESI Act or any other relevant provisions of law, the time taken from the date of filing this writ petition, i.e., from 13.04.2026 till today, i.e., 04.05.2026, be exempted by the appellate tribunal while computing the period of limitation for filing such appeal. [3] In view of the submission made by the learned counsel appearing for the petitioner and on careful consideration WP (C) No. 282 of 2026 Page 3 of the pleadings made in this writ petition as well as the provisions of law of the SARFAESI ACT, this Court is of the considered view that it will be in the interest of justice to issue the following directions:- (1) Leave granted. The present petition is hereby closed as being withdrawn with liberty as sought for. (2) It is made clear that in the event, the petitioner approached the appropriate appellate tribunal by filing an appeal as provided under Section 18 of the SARFAESI Act or any other relevant provisions of law, the period from the date of filing this writ petition, i.e., 13.04.2026 till today, i.e., 04.05.2026 shall be condoned by the appellate tribunal at the time of computation of the limitation period for filing such an appeal. [4] With aforesaid directions, the present writ petition is closed. JUDGE Sapana