Disposed

Indian Overseas Bank v. T.K. Kumaran

Kerala HC8 Apr 2015OP (DRT)/2077/2012

Case brief

AI extract

What is this about?

O.P.(DRT) Nos. 2077 of 2012 and 43 of 2015 prayed for directions to expedite Special Appeal No. 186 of 2010 pending before the Debt Recovery Tribunal, Ernakulam. While the Tribunal reported needing six months, the High Court deemed it excessive and directed final disposal by 30.09.2015.

What did the court decide?

Direction to the Debt Recovery Tribunal to pass final orders in S.A. No. 186 of 2010 on or before 30.09.2015.

Indian Overseas Bank Vs T.K. Kumaran — Banking and Recovery | Kerala HC (2015)

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IN THE HIGH COURT OF KERALA AT ERNAKULAM

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PRESENT:

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THE HONOURABLE MR. JUSTICE A.K.JAYASANKARAN NAMBIAR

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WEDNESDAY, THE 8TH DAY OF APRIL 2015/18TH CHAITHRA, 1937

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OP (DRT).No. 2077 of 2012 (O)

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SA 186/2010 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM

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PETITIONER(S):

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-----------------------

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INDIAN OVERSEAS BANK, CHAVAKKAD BRANCH, REPRESENTED BY N.SURESH, SON OF C.K.NEELAKANDAN MUTHATH, AGED 53 YEARS, SENIOR MANAGER, INDIAN OVERSEAS BANK, REGIONAL OFFICE, ERNAKULAM.

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BY ADV. SRI.LEO GEORGE

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RESPONDENT(S):

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-------------------------

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1. T.K. KUMARAN, THAZHISSERI HOUSE, PUNNA, MANATHALA VILLAGE, CHAVAKKAD, THRISSUR DISTRICT, PIN-680 001. (DIED, LR RECORDED)

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2. SAROJINI, THAZHISSERI HOUSE, PUNNA, MANATHALA VILLAGE, CHAVAKKAD, THRISSUR DISTRICT - 680 001.

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3. ABDUL GAFOOR P., PULIYAMPATTAYIL, PAROOR, PUNAYOORKULAM P.O., THRISSUR DISTRICT - 680 001.

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THE 2ND RESPONDENT IS RECORDED AS THE LEGAL REPRESENTATIVE OF DECEASED 1ST RESPONDENT VIDE ORDER DTD.3.10.2012 IN IA.12506/12 IN OP(DRT) 2077/2012.

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R2 BY ADVS. SRI.THOMAS T.VARGHESE SRI.N.SASI

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R3 BY ADV. SMT.E.V.MOLY

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THIS OP (DEBT RECOVERY TRIBUNAL) HAVING BEEN FINALLY HEARD ON 08-04-2015, ALONG WITH OP (DRT) NO.43/2015, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

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msv/

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OP (DRT).No. 2077 of 2012 (O)

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APPENDIX

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PETITIONER(S)' EXHIBITS:

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--------------------------------------

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EXT.P1TRUE COPY OF THE NOTICE ISSUED AND SERVED UNDER SECTION 13(4) OF THE ACT ON RESPONDENTS 1 AND 2 BY THE AUTHORISED OFFICER OF THE BANK DATED 11/6/2009.

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EXT.P2TRUE COPY OF THE SALE NOTICE DATED 17/2/2010.

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EXT.P3TRUE COPY OF SA.186/2010 WITHOUT ANNEXURE ON THE FILES OF DEBTS RECOVERY TRIBUNAL, ERNAKULAM DATED NIL.

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EXT.P4TRUE COPY OF THE STAY ORDER PASSED IN IA.728/2010 IN SA.186/2010 DATED 8/3/2010.

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EXT.P5TRUE COPY OF THE ORDER ISSUED ON BEHALF OF THE DISTRICT COLLECTOR, THRISSUR DATED 3/7/2010.

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EXT.P6TRUE COPY OF WRITTEN STATEMENT FILED BY THE AUTHORISED OFFICER OF THE BANK DATED 11/10/2010 WITHOUT ANNEXURE.

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RESPONDENT(S)' EXHIBITS:

NIL

//TRUE COPY//

P.S.TO JUDGE

Ms v/

A.K.JAYASANKARAN NAMBIAR, J.

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.............................................................

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O.P.(DRT).No.2077 of 2012 and O.P.(DRT).No.43 of 2015

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............................................................. Dated this the 8^th day of April, 2015

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J U D G M E N T

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In both these O.P(DRT), the prayer of the petitioners is for a direction to the Debt Recovery Tribunal to complete the proceedings in S.A.No.186 of 2010 which is pending before the said Tribunal from 05.03.2010 onwards. When the matter came up for orders on 30.03.2015, this Court called for a report from the Debt Recovery Tribunal with regard to the time that would be required for disposal of S.A.No.186 of 2010 pending before the Tribunal. By a report dated 07.04.2015, the Presiding Officer of the Tribunal has informed that the case is now posted for final arguments on 20.05.2015, and that the Tribunal would require six months time for passing final orders in S.A.No.186 of 2010. Taking note of the report of the Presiding Officer, but noting that the time limit of six months mentioned by the Presiding Officer will be excessive, in view of the fact that the S.A concerned was filed as early as on 05.03.2010, I dispose the OP(DRT) with a direction to the Debt Recovery Tribunal to pass final orders in S.A.No186 of 2010 on or before 30.09.2015.

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A.K.JAYASANKARAN NAMBIAR

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JUDGE

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mns

Indian Overseas Bank v. T.K. Kumaran

Case brief

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Indian Overseas Bank v. T.K. Kumaran

Case brief

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