Corporation Bank v. Lalitha B Menon

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. 129 of 2015 (O) ------------------------------------------------ S.A.NO.785/11 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM -------------------- PETITIONER(S) :

-------------------------- CORPORATION BANK, ERNAKULAM BRANCH, 1ST FLOOR, RADHAKRISHNA BUILDING, CLOTH BAZAR ROAD, ERNAKULAM- 682 031, REPRESENTED BY K.KALADHARAN, S/O.K.RAMANKUTTY NAIR, AGED 55 YEARS, THE SENIOR MANAGER.

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

RESPONDENT(S):

---------------------------- LALITHA B.MENON, W/O.MR.B.C.MENON, THITTAVILA HOUSE, DECENT JUNCTION, KOLLAM- 691 001.

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

Msd.

OP (DRT).No. 129 of 2015 (O) ------------------------------------------- APPENDIX PETITIONER(S)' EXHIBITS ---------------------------------------- EXHIBIT P1:

TRUE COPY OF SALE NOTICE DATED 28/02/2011 ISSUED BY THE PETITIONER.

EXHIBIT P2:

TRUE COPY OF SECURITISATION APPLICATION SA NO.785/11 BEFORE DRT, ERNAKULAM DATED 19/12/2011.

EXHIBIT P3:

TRUE COPY OF THE STAY ORDER DATED 19/12/11 IN I.A NO.2868/11 IN S.A NO.785/11 OF DRT, ERNAKULAM.

EXHIBIT P4:

TRUE COPY OF WRITTEN STATEMENT DATED 01/10/2012 FILED BY RESPONDENT IN S.A NO.785/11 BEFORE DRT, ERNAKULAM. RESPONDENT(S)' EXHIBITS :

------------------------------------------- NIL //TRUE COPY// P.A.TO JUDGE.

Msd.

A.K.JAYASANKARAN NAMBIAR, J.

------------------------------- O.P.(DRT).NO.129 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.785 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.785 of 2011 on or before 30.04.2016.

A.K.JAYASANKARAN NAMBIAR JUDGE mns/9.11.2015