Corporation Bank v. K.Baiju

IN THE HIGH COURT OF KERALA AT ERNAKULAM

PRESENT:

THE HONOURABLE MR. JUSTICE A.K.JAYASANKARAN NAMBIAR TUESDAY, THE 24TH DAY OF NOVEMBER 2015/3RD AGRAHAYANA, 1937 OP (DRT).No. 141 of 2015 (O) ----------------------------------------- SA 203/2011 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM .......

PETITIONER(S):

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

BY ADV. SRI.VIVEK VARGHESE P.J.

RESPONDENT(S):

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1. K.BAIJU, AGED 46, S/O.KARUNAKARAN, AMBALAKKARA HOUSE, ALUMMOODU, MUKKATHALA, KOLLAM - 681 577.

2. MRS. SUNDARI GANGA, BHAGYASREE GROUP, 3RD FLOOR, DD ANGADI, MARKET ROAD, ERNAKULAM - 682 011.

3. BHAGYASREE KITCHENWARES & APPLIANCES (P) LTD., 3RD FLOOR, DD ANGADI, MARKET ROAD, ERNAKULAM - 682 011.

THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSION ON 24-11-2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

msv/

OP (DRT).No. 141 of 2015 (O) ---------------------------------------- APPENDIX PETITIONER(S)' EXHIBITS ------------------------------------- P1:-TRUE COPY OF SALE NOTICE DTD 28/2/2011 ISSUED BY THE PETITIONER. P2:-TRUE COPY OF SECURITISATION APPLICATION SA NO 203/11 DTD 25/3/2011 BEFORE THE DRT, ERNAKULAM, (WITHOUT ANNEXURES). P3:-TRUE COPY OF STAY ORDER DTD 28/3/2011 IN IA NO 786/2011 IN SA 203/11 OF DRT, ERNAKULAM.

P4:-TRUE COPY OF WRITTEN STATEMENT DTD 7/9/2011 FILED BY PETITIONER IN SA 203/11 OF DRT, ERNAKULAM RESPONDENT(S)' EXHIBITS:

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

A.K.JAYASANKARAN NAMBIAR, J.

------------------------------- O.P.(DRT).NO.141 OF 2015 ----------------------------------- Dated this the 24th 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.203 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 regards the time required for passing final orders in the said S.A. By a report dated 17.11.2015, the Debt Recovery Tribunal has indicated that it would require six months time to dispose the S.A. Taking note of the said report, I dispose the O.P(DRT) by directing the Debt Recovery Tribunal, Ernakulam, to pass final orders in S.A.No.203 of 2011 on or before 30.04.2016, after hearing the petitioner. A.K.JAYASANKARAN NAMBIAR JUDGE mns/24.11.2015