M/S JAINCO PROJECTS INDIA LTD AHARNISH GHOSH vs UCO BANK AND ORS — CO/3021/2025

Case under Sarfaesi Act ,2002 Section N A. Disposed: Contested--DISPOSED on 20th May 2026.

Case disposed Next hearing 26-Aug-2025

CNR: WBCHCA0387342025

Filing Number

CO/3050/2025

Filing Date

14-Aug-2025

Registration No

CO/3021/2025

Registration Date

14-Aug-2025

Judge

Hon'ble Justice Om Narayan Rai

Coram

Hon'ble Justice Om Narayan Rai

Bench Type

Single Bench

Category

GROUP B (CIVIL MATTERS) ( 2 )

Sub-Category

Miscellaneous ( 57 )

Judicial Branch

RULE SECTION

Decision Date

20-May-2026

Nature of Disposal

Contested--DISPOSED

Last updated 29-May-2026

Acts & Sections

Sarfaesi Act ,2002 Section N A

Petitioner(s)

  1. 1.M/S JAINCO PROJECTS INDIA LTD AHARNISH GHOSH

Respondent(s)

  1. 1.UCO BANK AND ORS

Case History

  1. Case disposedDisposed

  2. 08-Jun-2026

    Contested Application

    Hon'ble Justice Om Narayan Rai

  3. 20-May-2026

    Hon'ble Justice Om Narayan RaiView PDF

    Summary: The High Court of Calcutta dismissed Jainco Projects' petition challenging the DRAT's July 2025 order requiring 50% pre-deposit of ₹4.95 crore debt under SARFAESI Act Section 18(1). The court held that the DRT's March 2025 order rejecting the borrower's plea for bank implementation of its One-Time Settlement (OTS) scheme was substantive, not procedural, and therefore pre-deposit was mandatory for appeals before DRAT. The court upheld settled law that borrowers must deposit 50% debt or face appeal dismissal, with DRAT only authorized to reduce it minimally to 25%. This case analysis is maintained by casestatus.in based on publicly available court records.

  4. 20-May-2026

    Contested Application

    Hon'ble Justice Om Narayan Rai

  5. 19-May-2026

    Hon'ble Justice Om Narayan RaiView PDF

  6. 04-May-2026

    Contested Application

    Hon'ble Justice Om Narayan Rai

  7. 26-Aug-2025

    Hon'ble Justice Hiranmay BhattacharyyaView PDF

  8. 26-Aug-2025

    First hearing

    Initial hearing scheduled

  9. 14-Aug-2025

    Case filed

    Registration No. CO/3021/2025

casestatus.in Summary

Summary: The High Court of Calcutta dismissed Jainco Projects' petition challenging the DRAT's July 2025 order requiring 50% pre-deposit of ₹4.95 crore debt under SARFAESI Act Section 18(1). The court held that the DRT's March 2025 order rejecting the borrower's plea for bank implementation of its One-Time Settlement (OTS) scheme was substantive, not procedural, and therefore pre-deposit was mandatory for appeals before DRAT. The court upheld settled law that borrowers must deposit 50% debt or face appeal dismissal, with DRAT only authorized to reduce it minimally to 25%. This case analysis is maintained by casestatus.in based on publicly available court records.

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