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2026 Supreme(Online)(Ker) 14860

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
THE AUTHORIZED OFFICER, LIC HOUSING FINANCE LTD. – Appellant
Versus
AMARCHAND SATHYAPALAN – Respondent
OP (DRT) NO. 67 OF 2026 | SA NO.353 OF 2022

Advocates:
For the Appellants/Petitioners: SHRI.ASP.KURUP, SRI.SADCHITH.P.KURUP, SHRI.SIVA SURESH, SMT.B.SREEDEVI, SMT.ATHIRA VIJAYAN, SHRI.VYSHNAV S. NAIR, SMT.AKSHARA RAVI

Judicial timelines for debt recovery proceedings must be adhered to for efficient justice.

Headnote:Statute Analysis: The court addressed the process regarding the timely disposal of S.A. No. 353 of 2022 under the Debt Recovery Tribunal framework. Facts of the Case: The petitioners sought a direction to expedite the proceedings in the Debt Recovery Tribunal due to the impending term of the Presiding Officer.

Findings of Court:
The Tribunal was directed to dispose of the application by 30.06.2026.

Issues: The main issue involved was the urgency of disposing of the pending securitisation application.

Ratio Decidendi: The court emphasized on the necessity for timely judicial processes, mandating the Tribunal to complete the proceedings within the stipulated time.

Result: The Original Petition stands disposed of.

Table of Content
1. need for timely disposal of debts issues. (Para 1 , 2)
2. court orders expedited proceeding deadlines. (Para 3)

JUDGMENT

(Dated this the 27^th day of February, 2026)

The limited relief sought in this OP (DRT) is for a direction to dispose of S.A. No. 353 of 2022 pending before the Debt Recovery Tribunal-II, Ernakulam within a time frame.

2. A report was called for from the Tribunal and a report dated 17.02.2026 has been received, wherein it is stated that the term of the Presiding Officer expires on 16.03.2026, yet no communication is received regarding the extension of the service period. It is further stated that in case of continuance of the Presiding Officer, the Tribunal would require two months’ time from 07.04.2026 for disposal of the said Securitisation Application.

3. In view of the above, this Original Petition is disposed of directing the Debt Recovery Tribunal-II, Ernakulam to dispose of S.A. No. 353 of 2022 on or before 30.06.2026.

The Original Petition stands disposed of.

Sd/-

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2026 Supreme(Online)(Ker) 14860

IN THE HIGH COURT OF KERALA AT ERNAKULAMBASANT BALAJI, JTHE AUTHORIZED OFFICER, LIC HOUSING FINANCE LTD. – AppellantVersusAMARCHAND SATHYAPALAN – RespondentOP (DRT) NO. 67 OF 2026 | SA NO.353 OF 2022

Judicial timelines for debt recovery proceedings must be adhered to for efficient justice.

IN THE HIGH COURT OF KERALA AT ERNAKULAM
BASANT BALAJI, J
THE AUTHORIZED OFFICER, LIC HOUSING FINANCE LTD. – Appellant
Versus
AMARCHAND SATHYAPALAN – Respondent
OP (DRT) NO. 67 OF 2026 | SA NO.353 OF 2022