IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE S.SIRI JAGAN THURSDAY, THE 20TH OCTOBER 2011 / 28TH ASWINA 1933 OP (DRT).No. 2819 of 2011(O) -------------------------------------------- SA.NO.205/2008 of DEBT RECOVERY TRIBUNAL, ERNAKULAM .................... PETITIONER --------------------- SYNDICATE BANK, REP. BY ITS CHIEF MANAGER, SRI.P.VINOD KUMAR, S/O.RAMANETH NAYAK, AGED 56 YEARS, SYNDICATE BANK REGIONAL OFFICE, PIONEER TOWERS, SHANMUGHAM ROAD, MARINE DRIVE, ERNAKULAM. BY ADV. SRI.K.P.SUJESH KUMAR RESPONDENT(S): ---------------------------- C.A.SALEEM, S/O.ABDU HAJEE THOUFEE, CHANDANAPARAMBIL HOUSE, KOORKKENCHERRY P.O., THRISSUR DISTRICT.PIN-680 001 BY THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSION ON 20/10/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: sts OP(DRT)NO.2819/2011 APPENDIX PETITIONER'S EXHIBITS EXT.P1 TRUE COPY OF THE DEMAND NOTICE DATED 4/07/2008 ISSUED BY THE PETITIONER TO THE RESPONDENT. EXT.P2 TRUE COPY OF THE POSSESSION NOTICE ISSUED UNDER SEC.13(4) OF THE SECURITISATION AND RECONSTRUCTION ACT,2002 DATED 23/10/2008 EXT.P3 TRUE COPY OF S.A.NO.205/2008 FILED BY THE RESPONDENT BEFORE THE DEBTS RECOVERY TRIBUNAL, ERNAKULAM WITHOUT ANNEXURES DATED 10/11/2008 EXT.P4 TRUE COPY OF WRITTEN STATEMENT FILED BY THE PETITIONER WITHOUT ANNEXURES IN SA.NO.205/2008 DATED 24/2/2009 RESPONDANTS'S EXHIBITS : NIL /TRUE COPY/ P.A.TO.JUDGE sts S. SIRI JAGAN, J. ------------------------------------------- O.P.(DRT) No.2819 OF 2011 ---------------------------------------------- Dated this the 20th day of October, 2011 JUDGMENT This O.P.(DRT) is filed by a bank, who has initiated proceedings under the Securitistaion and Reconstruction of Financial Assets and Enforcement of Security Interest Act against the respondent for recovery of loan amounts due from the respondent to the petitioner. The petitioner's grievance is that the respondent has obtained a stay from the Debts Recovery Tribunal in S.A.No.205/2008 and the Debts Recovery Tribunal has not disposed of the S.A. even after three years. The petitioner, therefore, seeks a direction to the Debts Recovery Tribunal to dispose of S.A.No.205/2008 expeditiously. 2. Despite service of notice, the respondent has not chosen to enter appearance to contest the matter. In the facts and circumstances of the case, I dispose of this O.P.(DRT) with a direction to the Debts Recovery Tribunal, O.P.(DRT)No.2819/11 2 Ernakulam to pass final orders in S.A. No.205/2008, as expeditiously as possible, at any rate, within two months from the date of receipt of a copy of this judgment. S. SIRI JAGAN, JUDGE acd O.P.(DRT)No.2819/11 3