M/S.Pnb Housing Finance Ltd v. The Registrar
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 12.06.2026 CORAM :
THE HONOURABLE MR. SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN PNB Housing Finance Ltd., Rep. by its Authorized Officer, Branch Office at No.1112, Raja Plaza, 2nd Floor, Avinashi Road, (Near Lakshmi Mills), Coimbatore-641 037 Petitioner Vs 1.The Registrar Debts Recovery Tribunal Coimbatore, 2nd & 3rd Floor, Jawans Bhavan, 27, T.B.Road, Coimbatore-641018 2.Sree Selvaganapathy Agro Industries Rep. by its Managing Partner Nallasamy.K., No.107, Saminathapuram Modakurichi, Muthur Main Road, Erode -638 004.
3.Sree Selvaganapathy Coconut Processing Rep. by Proprietor Nallasamy K No.107, Saminathapuram Modakurichi, Muthur Main Road, Erode -638 004.
4.Nallasamy K Proprietor of Sree Selvaganapathy Coconut Processing Managing Partner of Sree Selvaganapthy Agro Industries S/o.Kuppusamy S.
No.47, Pappathikadu 2nd Street, Veerappan Chatram, Erode-638 004 5.Suguntha Nallasamy.C Managing Partner of Sree Selvaganapathy Agro Industries, W/o.Nallasamy C.
No.47, Pappathikadu 2nd Street, Veerappan Chatram, Erode -638 004 6.Selvadurai.K S/o.Kuppuswamy S.
No.51, Pappathikadu 2nd Street, Veerappan Chatram, Erode-638 004 Respondents PRAYER : Petition filed under Article 226 of the Constitution of India seeking issuance of a writ of mandamus directing the first respondent Tribunal to dispose of the S.A.No.370 of 2023 on the file of the first respondent Tribunal as expeditiously possible For Petitioner(s):
Mr. Tarang K.Sancheti for Mr. T.Saikrishnan
ORDER
(Order of the Court was made by the Hon'ble Chief Justice) This writ petition filed under Article 226 of the Constitution of India seeks a direction in the nature of a writ of mandamus directing the Debts Recovery Tribunal, Coimbatore, to take up and dispose of S.A.No.370 of 2023.
2. Learned counsel for the petitioner submitted that the Securitisation Application (SA) challenging the order passed under Section 14 of the SARFAESI Act was filed on 29.4.2023. On 2.7.2025, after contest, the Tribunal reserved the SA for orders. Thereafter, the matter was listed on several occasions for clarification. Finally, on 28.1.2026, after hearing on the clarification, the Tribunal reserved the SA for orders again and since then, even after a lapse of around five months, order has not been delivered.
3. Learned counsel for the petitioner has submitted the case status to show that after reserving the case for orders on 28.1.2026, the Tribunal has listed the case for orders on 12 occasions till 5.6.2026. However, the order has not been delivered.
4. Considering the submissions made by learned counsel for the petitioner and taking into account the case status placed on record, we deem it appropriate to direct the Debts Recovery Tribunal, Coimbatore, to deliver the order in S.A.No.370 of 2023, as expeditiously as possible, preferably within two weeks from the date of receipt of a copy of this order.
5. With the above observation, the writ petition is disposed of. There shall be no order as to costs.
(SUSHRUT ARVIND DHARMADHIKARI, CJ) (G.ARUL MURUGAN,J) 12.06.2026 Index :
Yes/No :
Yes/No bbr To:
The Registrar Debts Recovery Tribunal Coimbatore, 2nd & 3rd Floor, Jawans Bhavan, 27, T.B.Road, Coimbatore-641018
THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN, J.
bbr 12.06.2026