Auction sale by bank under SARFAESI justified in absence of information of status quo order

Jagannath Cashew Processing Unit (Loanee) & another Vs Registrar (Orissa High Court) Orissa High Court held that auction sale by the bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) justified as there was no information available with bank regarding existence of status quo order. Facts- This writ petition has been filed by the petitioners assailing the order dated 15.11.2019 passed by the Debts Recovery Appellate Tribunal, Kolkata (DRAT) in Appeal No.42 of 2019, whereby the learned Appellate Tribunal allowed the...