IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 30^th day of March, 2026 PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON MA (SA) 36/2023 (arising out of IA No. 3766/2019 in unregistered Securitization Application IR No.

4549/2019 (Dy. No. 2750/2019) on the file of DRT-I, Karnataka at Bengaluru Between

1. Mr. Renjit Wilson, Ramamurthy Nagar, S/o Wilson Koshy, Bengaluru – 560 016 Flat No 301, “Purple Woods Apartment”, 4. Mr. S. Shivakumar, Jinkethimmanahalli Village, S/o Late A. Subbiah Thambuchetti Post, Flat No 116 “Purple Woods Bidarahalli, Apartment”, Bengaluru East Taluk – 560 036 Jinkethimmanahalli Village, Thambuchetti Post, 2. Mr. Purushotham M, Bidarahalli, S/o C.K. Megaraj, Bengaluru East Taluk – 560 036 No 8, 5^th Cross, 5^th Main, High Tension Lane, Sir M.V. 5. Mr. G.E. Karthik, Nagar, S/o Easwaran G G, Ramamurthy Nagar, Flat No 222 “Purple Woods Bengaluru – 560 016 Apartment”, Jinkethimmanahalli Village, 3. Mrs. Nisha Purushotham, Thambuchetti Post, W/o Purushotham, Bidarahalli, No 8, 5^th Cross, 5^th Main, Bengaluru East Taluk – 560 036.

High Tension Lane, Sir M.V.

Nagar, …..Appellants And

1. Anand Rathi Global Finance Ltd., Rep by its Authorized Officer, 6. Mrs. Sameena Abdula, Mr. Shrinivas Hullikatti, W/o Anoop Balachandran Nair, 10th Floor, Express Zone, Falt No 123, “Purple Woods Western Express Highway, Apartment”, Goregaon (East), Jinkethimmanahalli Village, Mumbai – 400 063. Thambuchetti Post, Bidarahalli, 2. Purple Estates and Holdings Pvt.

Bengaluru East Taluk – 560 036 Ltd., 131, D-3, 2^nd Floor, 7. Mr. Wilson Koshy (Deceased), Devatha Plaza, Residency Road, S/o M.S. Koshy, Bengaluru – 560 025.

Falt No 301, “Purple Woods Apartment”, 3. Mr. Thomas Mathew, Jinkethimmanahalli Village, 14, Rainbow Residency Layout, Thambuchetti Post, Junasandra Village Bidarahalli, CarthurHobli, Bengaluru East Taluk – 560 036 Bengaluru – 560 035.

8. Annamkunju

4. Mrs. Betty Thomas, Wilson Manooparambil, 14, Rainbow Residency Layout, Junasandra Village W/o Wilson Koshy, CarthurHobli, Mannooparambil, Bengaluru – 560 035. Thottakad PO Kottayam – 686 539

5. Mr. Anoop Balachandran Nair, S/o K.K. Balachandran Nair, 9. Mr. Redeep Flat No 123, “Purple Woods Wilson Manooparambil, Apartment”, S/o. Wilson Koshy, Jinkethimmanahalli Village, Shirley Street,Pakenham, Thambuchetti Post, VIC 3810, Bidarahalli, Australia.

Bengaluru East Taluk – 560 036.

…..Respondents Counsel for appellants : M/s. Amalnath E.K.& Co.

Counsel for R1 : None Counsel for Respondents R2 to R4 : M/s. V. Kamala Kumar & Co.

Respondents 5 to 9 are given up.

ORDER

Ld. Counsel for the appellants is present.

Despite service of notice, there is no representation for the respondents.

Therefore, this Tribunal proceeds to dispose this appeal.

This appeal is filed against the order dated 15.09.2023 passed by the Learned Presiding Officer, DRT-I, Karnataka at Bengaluru in IA No. 3766/2019 in unregistered Securitization Application IR No. 4549/2019(Dy.No.2750/2019). The said IA was filed for condoning the delay of 39 days in filing the SA. Securitization application was filed challenging the order passed under Section 14 of the SARFAESI Act by the learned X Addl. Chef Judicial Magistrate, Bengaluru in Crl.M.P.No.50263/2013 on 17.08.2019. Appellants are not aware of this order. They knew about the said order only the Advocate Commissioner visited the property on 27.09.2019. Thereafter, appellants filed four writ petitions in W.P.Nos. 48880/2019 to 48884/2019 against the order passed under Section 14 of the SARFAESI Act. These writ petitions were disposed by a common order dated 04.11.2019 giving liberty to the petitioners to approach the appropriate forum within a period of four weeks from the date of receipt of a copy of the order. The said order copy was made ready on 26.11.2019 and delivered on 28.11.2019. Securitization application was filed on 20.12.2019 within four weeks from the date of receipt of a copy of the order in the writ petitions. Therefore, securitization appli