SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2026 Supreme(Online)(DRAT) 196

DEBT RECOVERY APPELLATE TRIBUNAL
Justice Shri G. CHANDRASEKHARAN
SUO MOTO TRANSFER PETITION – Appellant
Versus
SUO MOTO TRANSFER PETITON – Respondent


IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 30th day of March, 2026 PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON TP No.11/2026 (arising out of SA No.18/2025 and SA Dy.No.85/2025 on the file of DRT-I, Chennai)

Between L.S.P. Agro Limited and another …..Applicants And Omkara Assets Reconstruction Private Limited …..Respondent

ORDER

1. Suo moto, transfer petition is taken up for hearing today.

2. Registrar DRT-I, Chennai by his letter dated 4.11.2025 addressed to the Registrar, DRAT, Chennai stated that Learned Presiding Officer, DRT-I, Chennai recused himself from adjudicating SA No.18/2025 and SA Dy.No.85/2025 for personal reasons. Therefore, this matter was requested to be placed before this Tribunal for appropriate orders.

3. Since SA Nos.18/2025 and SA Dy.No.85/2025 involve recovery of debt due to the financial institution above Rs.100.00 crores, this Tribunal addressed Ministry of Finance, Department of Financial Services, New Delhi vide its letters dated 17.11.2025 and 17.12.2025 for suggesting further course of action in view of the fact that there is no other DRT except DRT-I, Chennai within the jurisdiction of DRAT, Chennai to try the matters inv

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top