##PAGE1##

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

Dated the 30^th 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

1

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 involving recovery of more than Rs.100.00 crores. A reply was received from the Department of Financial Services dated 1.1.2026 stating that Hon’ble High Court of Kerala in M/s Ansu Enterprises Pvt. Ltd. Vs. Registrar, DRT-I, Ernakulam and Others in W.P.(C) No.38962/2022 stayed the operation of DFS Notification No.S.O.No.4717(E) dated 4.10.2022 to the extent it sought to transfer jurisdiction in matters involving Rs.100.00 crores from DRT-I/II, Ernakulam to DRT-I, Chennai. In view of the said order, the aforesaid Notification dated 4.10.2022 is not operative and matter was ordered to be placed for appropriate orders by exercising the powers under Section 17A(2) of RDB Act.

4. Accordingly, notice has been sent to all the parties and in pursuance of the

notice, learned counsel for parties are present today. They were appraised about the recusal of Learned Presiding Officer, DRT-I, Chennai and their views were obtained for transfer of SA Nos.18/2025 and SA Dy.No.85/2025 to any

other DRT in Chennai.

5. Learned Counsel for parties have stated in unison that they have no objection

for transfer of these cases to any other Tribunal in Chennai.

6. In view of the fact narrated above and as per the powers vested with this

Tribunal under Section 17A(2) of RDB Act, this Tribunals transfers SA

2

Nos.18/2025 and SA Dy.No.85/2025 on the file of DRT-I, Chennai to DRT-II,

Chennai for disposal.

7. Registrar, DRT-I, Chennai is directed to send the records pertaining to SA

Nos.18/2025 and SA Dy.No.85/2025, within a period of one week from the

date of receipt of copy of this order, after properly indexing the same.

8. Learned Presiding Officer, DRT-II, Chennai, on receipt of the records pertaining

to SA Nos.18/2025 and SA Dy.No.85/2025 is directed to instruct the Registrar, DRT-II to assign a fresh number to them, within a period of one week from the date of receipt of records, and dispose them as expeditiously as possible and

in accordance with law.

9. In the result, TP No.11/2026 is disposed of, accordingly.

[Dictated to PS (SN) transcribed by him, corrected, signed and pronounced by me in open court,

this 30^th March, 2026)

Sd/-

(JUSTICE G. CHANDRASEKHARAN)

CHAIRPERSON

3