IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN TUESDAY, THE 18TH OCTOBER 2011 / 26TH ASWINA 1933 OP (DRT).No. 2967 of 2011(O) ---------------------------- SA.119/2008 of DEBT RECOVERY TRIBUNAL, ERNAKULAM .................... PETITIONER: -------------------- INDIAN OVERSEAS BANK, CHAVAKKAD BRANCH, REPRESENTED BY ITS CHIEF MANAGER, SRI.R.SIVAPERUMAL,S/O.M.RAMASWAMY, AGED 55 YEARS. BY ADV. SRI.P.B.SURESH KUMAR, SENIOR ADVOCATE ADV. SRI.LEO GEORGE RESPONDENTS: ----------------------- 1. M/S.HI-POWER GROUP HOLDINGS AND ENTERPRISES (P) LTD, HI-POWER BUILDING, BEACH ROAD,CHAVAKKAD-680506, REPRESENTED BY THE CHAIRMAN AND MANAGING DIRECTOR SRI.R.V.HIMAMUDDIN. 2. RAMLA HIMAMUDDIN,RAYAMARAKKAR HOUSE MANATHALA,CHAVAKKAD-680506. 3. HISHAM HIMAMUDDIN,RAYAMARAKKAR HOUSE MANATHALA,CHAVAKKAD-680506. R1 TO R3 BY ADV. SRI.ZAKEER HUSSAIN THIS OP (DEBT RECOVERY TRIBUNAL) HAVING BEEN FINALLY HEARD ON 18/10/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: AMG OP (DRT) No.2967/2011 APPENDIX PETITIONER'S EXHIBITS: EXT.P1 : TRUE COPY OF THE NOTICE ISSUED BY THE AUTHORISED OFFICER OF THE PETITIONER BANK TO THE RESPONDENTS DATED 03-03-2008. EXT.P2 : TRUE COPY OF THE NOTICE ISSUED BY THE AUTHORISED OFFICER OF THE PETITIONER BANK DATED 10-07-2008. EXT.P3 : TRUE COPY OF ONE SUCH POSSESSION NOTICE ISSUED BY THE AUTHORISED OFFICER OF THE BANK TO THE 1ST RESPONDENT DATED 08-08-2008. EXT.P4 : TRUE COPY OF S.A. No.119/2008 FILED BY RESPONDENTS 1 TO 3 BEFROE THE DEBTS RECOVERY TRIBUNAL, ERNAKULAM DATED 08-07-2008. EXT.P5 : TRUE COPY OF THE JUDGMENT OF THIS HON'BLE COURTIN W.P (c) No.28225/2008 DATED 24-09-2008. EXT.P6 : TRUE COPY OF THE JUDGMENT OF THIS HON'BLE COURT IN W.A No.2110/2008 DATED 28-10-2008. EXT.P7 : TRUE COPY OF THE JUDGMENT OF THIS HON'BLE COURT IN RP No.1181/2008 IN W.P (c) No.28225/2008 DATED 25-11-2008. EXT.P8 : TRUE COPY OF I.A. No.468/2011 FILED BY THE RESPONDENTS BEFORE THE DEBTS RECOVERY TRIBUNAL, ERNAKULAM DATED 22-02-2011. RESPONDENT'S EXHIBITS: NIL //TRUE COPY// P.A. TO JUDGE AMG S. SIRI JAGAN, J. ------------------------------------------------- O.P (DRT) No. 2967 OF 2011 ------------------------------------------------- DATED THIS THE 18th DAY OF OCTOBER, 2011 J U D G M E N T The petitioner is a Public Sector Bank. They initiated proceedings under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 against the 1st respondent for recovery of loan amount advanced by the petitioner. The respondents filed S.A No.119/2008 under Section 17 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 before the Debts Recovery Tribunal, Ernakualm. Petitioner's grievance in this writ petition is that even after 3 years of filing of the S.A. no orders have been passed in the Securitisation Application. Petitioner seeks expeditious disposal of S.A No.119/2008. Having heard the counsel for the respondents, I dispose of this writ petition with a direction to the Debts Recovery Tribunal, Ernakulam, to pass final orders in S.A No.119/2008 as expeditiously as possible at any rate within two months from the date of receipt of a copy of this judgment. Sd/- S. SIRI JAGAN, JUDGE. AMG True copy P.A to Judge