Corporation Bank v. Mr.T.K.Sasikumar

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR. JUSTICE A.K.JAYASANKARAN NAMBIAR MONDAY, THE 9TH DAY OF NOVEMBER 2015/18TH KARTHIKA, 1937 OP (DRT).No. 128 of 2015 (O) ----------------------------------------- SA 241/2011 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM ........

PETITIONER(S):

----------------------- CORPORATION BANK, ERNAKULAM BRANCH, IST FLOOR, RADHAKRISHNA BUILDING, CLOTH BAZAR ROAD, ERNAKULAM 682 031, REPRESENTED BY K.KALADHARAN, S/O.K.RAMANKUTTY NAIR, THE SENIOR MANAGER.

BY ADVS.M/S.VARGHESE & JACOB SRI.VIVEK VARGHESE P.J.

RESPONDENT(S):

------------------------- MR.T.K.SASIKUMAR, S/O.N.KRISHNA PILLAI, DOCTORS QUARTERS, SABARIGIRI HOSPITAL, ANCHAL 691 306, KOLLAM.

THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSION ON 09-11-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

msv/

OP (DRT).No. 128 of 2015 (O) ----------------------------------------- APPENDIX PETITIONER(S)' EXHIBITS ------------------------------------- EXHIBIT P1. COPY OF THE SALE NOTICE DATED 28.2.11 ISSUED BY THE PETITIONER. EXHIBIT P2. COPY OF THE SECURITIZATION APPLICATION SA NO.241/11 OF DEBTS RECOVERY TRIBUNAL, ERNAKULAM.

EXHIBIT P3. COPY OF THE STAY ORDER DATED 12.4.11 IN IA 917/11 IN SA 241/11 OF DEBTS RECOVERY TRIBUNAL, ERNAKULAM.

EXHIBIT P4. COPY OF THE WRITTEN STATEMENT DATED 7.9.11 FILED BY PETITIONER IN SA 241/11 OF DEBTS RECOVERY TRIBUNAL, ERNAKULAM. RESPONDENT(S)' EXHIBITS:

----------------------------------------- NIL //TRUE COPY// P.S.TO JUDGE Msv/

A.K.JAYASANKARAN NAMBIAR, J.

------------------------------- O.P.(DRT).NO.128 OF 2015 ----------------------------------- Dated this the 9th day of November, 2015

J U D G M E N T

The O.P(DRT) is filed seeking a direction to the Debt Recovery Tribunal, Ernakulam, to consider and pass final orders in S.A.No.241 of 2011 expeditiously after hearing the petitioner. When the O.P(DRT) came up for admission, I had called for a report from the Presiding Officer, Debt Recovery Tribunal as to the time required for passing final orders in the said S.A. By a report dated 02.11.2015, the Debt Recovery Tribunal has indicated that it would require six months time to dispose the S.A. Taking note of the said report, therefore, I dispose the O.P(DRT) by directing the Debt Recovery Tribunal, Ernakulam, to pass final orders in S.A.No.241 of 2011 on or before 30.04.2016.

A.K.JAYASANKARAN NAMBIAR JUDGE mns/9.11.2015