IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE BASANT BALAJI FRIDAY, THE

30TH DAY OF AUGUST 2024 / 8TH BHADRA, 1946 O.P.(DRT) NO.273 OF 2024 PETITIONER(S)/APPELLANTS/APPLICANTS:

1 M/S.IQRA EDUCATIONAL AND CHARITABLE TRUST, REPRESENTED BY ITS CHAIRMAN, HAMSA K.S, DESAMANGALAM P.O, PALLUR, CHERUTHURUTHY, THRISSUR, PIN 679 532 –

2 HAMSA K.S., AGED 55 YEARS, S/O.SAIDALAVY, KARUPPAMVEETTIL HOUSE, KANAL ROAD, THOZHUPADAM, CHELAKKARA, THRISSUR, PIN 680 586 –

3 NASEEMA HAMSA, AGED 45 YEARS, W/O.HAMSA K.S, KARUPPAMVEETTIL HOUSE, KANAL ROAD, THOZHUPADAM, CHELAKKARA, THRISSUR, PIN 680 586 –

BY ADVS.

V.K.PEER MOHAMED KHAN GIRISH KUMAR V.C RESPONDENT(S)/RESPONDENTS/DEFENDANTS:

1 PUNJAB NATIONAL BANK, REPRESENTED BY ITS BRANCH MANAGER THRISSUR BRANCH STRESSED ASSETS TARGETED RESOLUTION ACTION CENTER, MARKET ROAD, THRISSUR, PIN 680 586 –

2 THE AUTHORIZED OFFICER, PUNJAB NATIONAL BANK, STRESSED ASSETS TARGETED RESOLUTION ACTION CENTER, MARKET ROAD, ERNAKULAM, PIN 682 011 –

OTHER PRESENT:

SRI. AJITH KUMAR, STANDING COUNSEL THIS OP (DEBT RECOVERY TRIBUNAL) HAVING COME UP FOR ADMISSION ON

30.08.2024, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:

JUDGMENT (Dated: 30^th August, 2024