MAHENDRA GIRIAND Vs. DISTRICT COOPERATIVE BANK LTD.

JUDGEMENT

(1.) Heard learned Counsel for the parties.

(2.) By means of this petition, petitioners have prayed to direct the respondent no.1 to open the seal of petitioners' house and to allow them to take back their belongings.

(3.) Facts of the case are that petitioners borrowed a home loan of Rs.17.00 lakh from respondent no.1 in the year 2018. Since they could not repay the loan amount, they received a notice u/s 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (to be referred to as 'the Act') and accordingly the loan account of petitioners was declared as 'Non Performing Asset' (NPA). Petitioners, feeling aggrieved, approached the Debts Recovery Tribunal constituted under the provisions of the Recovery of Debts and Bankruptcy Act, 1993 which was registered as S.A. No.273 of 2023, wherein they moved an application under the Act which is pending and the last date fixed was 4/10/2024. However, in the meanwhile, on 25/9/2024 the petitioners were evicted from the subject property. Now the petitioners have moved to this Court with a prayer to permit them to take back the belongings.