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IN THE HIGH COURT OF KERALA AT ERNAKULAM
P. V. BALAKRISHNAN, J
M/S.IDEAL POWERTECH LTD. – Appellant
Versus
STATE BANK OF INDIA – Respondent
| Table of Content |
|---|
| 1. details procedural history of debt recovery case. (Para 3) |
| 2. alternative remedy under section 20 rdb act bars entertainment. (Para 4) |
OP(DRT)No.149 of 2026 …........................................................ Dated this the 10thday of April, 2026 JUDGMENT Heard the learned counsel for the petitioners on admission. 2. This original petition is filed by the petitioners challenging Ext.P7 common order dated 13.03.2026 passed in MA Nos.16 of 2025, 48 of 2026 and 49 of 2026 in TA No.210 of 2017 (OA No.15 of 2006).
3. The petitioners were the defendants/Certifcate Debtors in DRC No.105 of 2019 arising from TA No.210 of 2017 (formerly OA No.15 of 2006) pending before Debt Recovery Tribunal-II, Ernakulam. TA No.210 of 2017 (OA No.15 of 2006) was disposed of by the tribunal on 20.04.2019, as per Ext.P4 order. Susbsequently, the respondent filed MA Nos.48 of 2026, 16 of 2025 and 49 of 2026 in TA No.210 of 2017 seeking to reopen the OA filed in the year 2006, to condone the delay and to permit the amendment of the OA. The Debt Recovery Tribunal-II, Ernakulam after considering the materials on record, allowed the afore MA's, on 13.03.2026 as per Ext.P7 common order.
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