THE AUTHORISED OFFICER AU SMALL FINANCE BANK LTD AND ANR v. AGARWAL PIPE AND FITTINGS AND ORS
CO/2372/2026 · 2026-08-06
Hiranmay Bhattacharyya
body2026
DailyLaw.ai
[ 2026 DAILYLAW 33074 (CAL) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 33074 (CAL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
D/L- 8 06/08/2026 Ct. No.- 6 Aritra C.O. 2372 of 2026
The Authorised Officer, AU Small Finance Bank Limited & Anr. Vs. Agarwal Pipe and Fittings & Ors. Mr. Siddhartha Banerjee Mr. Avishek Guha Ms. Arunika Dutta ….for the petitioners
Mr. Nimani Srinivas Mr. Ajit Kesri Mr. Avirup Chatterjee Mr. Rishov Das ….for the opposite parties
Mr. Banerjee, learned advocate appearing for the petitioners submits, on instruction, not to press the challenge against the order dated July 1, 2026 passed by the Debts Recovery Appellate Tribunal in Misc. Appeal No.18 of 2026 and has been instructed to pray for a direction for expeditious disposal of I.A. 2709 of 2025 by the Debts Recovery Tribunal expeditiously. Mr. Banerjee, learned advocate appearing for the petitioner submits that challenging an order passed under Section 14 of the SARFAESI Act, the opposite parties filed I.A. 2709 of 2025 and the learned Chairperson of the Debts Recovery Appellate Tribunal directed the Debts Recovery Tribunal to dispose of the aforesaid interlocutory application within a specified time frame. He submits that a direction be passed upon the Tribunal to dispose of I.A. 2709 of 2025 expeditiously. Faced with such submission, the learned advocate appearing for the opposite parties submits that since the
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matter was pending before the Debts Recovery Appellate Tribunal, the opposite parties could not file any reply to the affidavit-in-opposition filed by the petitioners against I.A. 2709 of 2025. He prays for a week’s time to file the reply to such affidavit. The opposite parties will be at liberty to file an affidavit-in-reply to the affidavit-in-opposition filed by the petitioner/bank against the I.A. 2709 of 2025 by August 12, 2026. At this stage, Mr. Banerjee, learned advocate for the petitioners submits that August 7, 2026 has been fixed before the learned Debts Recovery Tribunal. The learned Presiding Officer of Debts Recovery Tribunal-II is requested to fix an early date of hearing of I.A. 2709 of 2025 keeping in mind the directions passed by the Debts Recovery Appellate Tribunal in the order dated July 1, 2026 and make an endeavour to dispose of the said interlocutory application as expeditiously as possible but positively by the end of the month of September, 2026 without granting any unnecessary adjournments to either of the parties.
It is, however, made clear that the learned Tribunal shall decide the I.A. 2709 of 2025 without being swayed by any of the observations made by the Debts Recovery Appellate Tribunal in the order dated July 1, 2026 and the observations made by the Debts Recovery Tribunal while passing an interim order in the said interlocutory application. 3
With the above observations, CO 2372 of 2026 stands disposed of. There will be no order as to costs. All parties shall act on the server copy of this order duly downloaded from the official website of this Court. (Hiranmay Bhattacharyya, J.)