Wednesday, December 25, 2024

Waiver Application under Section 18 of the SARFAESI Act 2002 before DRAT Kolkata

 

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL, KOLKATA

9, OLD POST OFFICE STREET, 7TH FLOOR, KOLKATA – 700001

 

                             IA No.                            Of 2024

MISC. APPEAL NO.                OF 2024

{DIARY NO.                   OF 2024}

 

(Arising out of Order No. 8, dated 10-12-2024, passed in IA no. 4333 of 2024, arising out of SA/627/2024, by the Learned Presiding Officer of the Debts Recovery Tribunal- III Kolkata)

 

                                        In the matter of;

1.   M/s. Global Aqua, a proprietorship firm having its registered office at Premises being no. 44/1A, Shyamnagar Road, Police Station Dum Dum, Kolkata – 700055, District – North 24 Parganas.

 

2.   Jayanta Chowdhury, proprietor of M/s. Global Aqua, Son of Late Ajay Chowdhury, having Office and residence at Premises being no. 44/1A, Shyamnagar Road, Police Station – Dum Dum, Kolkata – 700055, District North 24 Parganas.

 

--- ---- APPELLANTS

 

 

VERSUS

 

1.   Canara Bank, Chowringhee Branch, having its Office address as Premises being no. 7, Kyd Street, Police Station – Park Street, Kolkata – 700016.

 

2.   Authorised Officer, Canara Bank, Chowringhee Branch, having its Office address as Premises being no. 7, Kyd Street, Police Station – Park Street, Kolkata – 700016.

 

----- ---- RESPONDENTS

 

AN APPLICATION FOR WAIVER OF DEPOSIT of debts due in terms of SUB-SECTION (1) OF Section 18 of the Act, 2002;

The humble petition of the above named appellants, most respectfully;

Sheweth as under :

 

1.   That the present appeal under Section 18 of the the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act’ 2002, has preferred by the appellants challenging the Order no. 08 dated 10-12-2024, passed by the Learned Debts Recovery Tribunal- III, Kolkata, in IA no. 4333 of 2024, arising out of SA/627/2024, appearing in Daily Order of the Learned Tribunal.

2.   That the present appeal arises from an Order no. 08, dated 10/12/202, passed by the Learned Debts Recovery Tribunal – III Kolkata in IA/4333/2024 arising out of SA no. 627 of 2024 (Global Aqua & Anr. – Versus – Canara Bank & anr.) and the Appellant is a Borrower / Secured Debtors herein. Since the Claim if any is under adjudication and pending to decide, the provision of deposit of the requisite amount under Section 18 of the SARFAESI Act, 2002, is not applicable in the case of the appellants. The appellants seeks the waiver of deposit if any, in the given facts and circumstances.

 

3.   That in the given facts and circumstances, your appellants seeks to get the direction of waiver of deposit if any in terms of Section 18 of the the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act’ 2002, in the interest of administration of justice.

 

4.   Unless Orders as prayed for herein are made the appellants shall suffer irreparable loss, prejudice and injury thereof.

 

5.   That this application is made bona fide and for the end of justice.

 

It is therefore, most respectfully prayed as follows:-

 

a.   To waive the deposit if any in terms of Section 18 of the the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act’ 2002, in presenting the present appeal, in the interest of administration of Justice;

 

 

b.   Such or other order may kindly also be passed as deemed fit and proper in the fact and circumstances of this case.

 

And for this act of kindness your petitioner as in duty bound shall ever pray.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 VERIFICATION

 

                   I, Jayanta Chowdhury, Proprietor of M/s. Global Aqua, being the petitioner, hereby solemnly verify that the contents of paragraphs 1 to _____ are true to my personal knowledge and belief and that I have not suppressed any material facts.

 

                   I sign this Verification on this _____day of December’ 2024.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFFIDAVIT

 

Affidavit of Jayanta Chowdhury, proprietor of M/s. Global Aqua, Son of Late Ajay Chowdhury, having Office and residence at Premises being no. 44/1A, Shyamnagar Road, Police Station – Dum Dum, Kolkata – 700055, District North 24 Parganas, West Bengal.

 

I, the above deponent do hereby solemnly affirm and declare as under :-

 

1 : That I am the appellant no. 2, and the proprietor of the appellant no. 1, thoroughly conversant with the facts and circumstances of the present appeal and am competent to swear this affidavit.

 

2 : That the facts contained in my accompanying petition / application, the contents of which have not been repeated herein for the sake of brevity may be read as an integral part of this affidavit and are true and correct to my knowledge.

 

 

 

 

                                                                                      DEPONENT

Verification

I, the above named deponent do hereby solemnly verify that the contents of my above affidavit are true and correct to my knowledge, and no part of it is false and nothing material has been concealed therein.

Verified this _____ day of December’ 2024, at the Kolkata.

 

 

 

 

                                                                   DEPONENT

                                                                   Identified by me,

 

                                                                   Advocate.

Prepared in my Chamber,

 

Advocate.

Dated : _____day of December’ 2024.

Place : Kolkata.                                         

N O T A R Y

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL KOLKATA

9, OLD POST OFFICE STREET, 7TH FLOOR, KOLKATA – 700001

 

I.A. No.                        OF 2024

MISC. APPEAL NO.    OF 2024

{DIARY NO.                OF 2024}

                                                         

                                                          In the matter of;

GLOBAL AQUA & ANR.

               ________APPELLANTS

 

·        VERSUS –

 

CANARA BANK & ANR.                             ________RESPONDENTS

 

 

 

 

 

 

AN APPLICATION FOR WAIVER OF DEPOSIT of debts due in terms of SUB-Section (1) OF SECTION 18 of the Act, 2002;

 

 

 

 

Advocate on Record;

 

Ashok Kumar Singh, Advocate High Court Bar Association Room No. 15, High Court Calcutta, Mobile Number : 9883070666, 9836829666, Email : aksinghadvocate@rediffmail.com

 

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