Allowed

Hinduja Leyland Finance Ltd. v. Pratheesh Krishna

DRAT18 Aug 2026REGULAR APPEAL/69/2025

Case brief

AI extract

What is this about?

The Debt Recovery Appellate Tribunal at Chennai permitted the withdrawal of an appeal against an Order of the Debt Recovery Tribunal-I, Ernakulam. The court granted liberty to take SARFAESI measures afresh while dismissing the appeal.

What did the court decide?

Permission granted for withdrawal of appeal with liberty to initiate SARFAESI measures afresh; appeal dismissed as withdrawn.

Hinduja Leyland Finance Ltd. versus Pratheesh Krishna — Banking and Recovery | DRAT (2026)

¶1

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

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Dated the 18^th Day of August, 2026

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PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON

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RA (SA) 69/2025 (S.A.No.840/2024 On the file of DRT-I, Ernakulam)

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Between

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The Hinduja Leyland Finance Ltd., Represented by its Branch Manager, No. 89, Ansari Street, Ramnagar, Coimbatore – 641 009.

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The Authorized Officer, Hinduja Leyland Finance ltd, Corporate Office, 27 A, Developed Estate, Guindy, Chennai – 600 032.

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… Appellants

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And

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Pratheesh Krishna, Aickara House, Tharavad Chandrapura, Manjapra, Ernakulam – 683 581.

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Prasanna Raghunath, Aickara House, Tharavad Chandrapura, Manjapra, Ernakulam – 683 581.

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Pranav Nair, Aickara House, Tharavad Chandrapura, Manjapra, Ernakulam – 683 581.

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Priyanka Nair, Aickara House, Tharavad Chandrapura, Manjapra, Ernakulam – 683 581.

¶14

¶15

Chenganat Thankappan Nair Ravindran Nair, Aickara House, Sopanam, Chandrapura, Manjapra, Ernakulam – 683 581.

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Aickarayil Thankappan Nair Raghunath, Aickara House, Tharavad, Chandrapura, Manjapra, Ernakulam – 683 581.

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M/s. Sanjeevani Life Care Village, Represented by Managing Partner Reghunath, VI/376, Manjapra South, Manjapra, Ernakulam – 683 581.

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M/s. Sanjeevani Life Care Village Pvt Ltd., Represented by Managing Director Reghunath, VI/376, Manjapra South, Manjapra, Ernakulam – 683 581.

¶19

Indian Overseas Bank, C & I C Branch, Represented by its Manager, No. 98, Dr. Radhakrishnan Salai, Mylapore, Chennai – 600 004.

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…Respondents

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Counsel for the appellants : M/s. V.P Parivallal

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Counsel for the respondents 1-8 : M/s. Peer Mohamed Khan Associates

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ORDER

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A memo is filed by the appellants seeking permission for

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withdrawal of this appeal with liberty to take SARFAESI measures afresh as per the directions of the DRT-I, Ernakulam in SA 840/2024.

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In view of the memo filed, permission is accorded

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for withdrawal of this appeal with liberty to initiate SARFAESI Measures afresh permissible under Law.

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This appeal is dismissed as withdrawn. Parties

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shall bear their own costs. Pending IAs, if any, shall stand closed.

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Sd/-

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(G. CHANDRASEKHARAN)

¶33

CHAIRPERSON

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Hinduja Leyland Finance Ltd. v. Pratheesh Krishna

Case brief

What is this about?

What did the court decide?

Hinduja Leyland Finance Ltd. v. Pratheesh Krishna

Case brief

What is this about?

What did the court decide?

What the court decided

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