M/S. Star Abasan Private Limited & Anr vs The Punjab National Bank & Ors on 27 January, 2025

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1. The petitioner is aggrieved by the manner in which the Recovery Officer,

Debts Recovery Tribunal-III, Kolkata has proceeded in case

No.RP/124/2011 (Punjab National Bank vs. Anuradha Giri & Anr.).

2. The petitioner claims to have purchased the subject property which is

allegedly mortgaged to the Punjab National Bank by way of a registered

indenture of sale. As there was certain amount due under the Income

Tax Act, 1961, the Recovery Officer proceeded with the sale.

3. The petitioner is aggrieved by the same and submits that as the matter

is pending consideration before the Recovery Officer and date has been

fixed on 30th January, 2025, the bank ought not to proceed with the

sale or else the application of the petitioner for intervention will become

infructuous if the sale takes place in the meantime.

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